Manpasand not 'pasand'

On Saturday, Central Goods and Services Tax (CGST) department officers arrested the top executives of Manpasand Beverages for creating fake company units and committing tax invasion.

The CGST arrested Managing Director Abhishek Singh, his brother Harshvardhan Singh and the Chief Financial Officer Paresh Thakkar.

The CGST, in its statement said that it had carried out raids on several premises of Manpasand Beverages on May 23 (Thursday). The searches unearthed a huge racket of creating fake/dummy units for availing fraudulent credit and committing tax evasion of Rs 40 crores and involving turnover of Rs 300 crore.

The Press Release issued by the CGST said, “the continuing investigation has unearthed a network of more than 30 fake units located in various parts of the country which were used for committing fraud by availing illegal credit. The investigation regarding the ultimate beneficiary of the fraud and web of shell companies is under progress.”

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