Bail Denied for Tax Credit Fraudsters; Fake Firms Issued Bogus Invoices, Impacting Economy and Public Funds Significantly.

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....Seeking grant of Regular Bail - availing and utilizing wrongful input tax credit - fake firms who have availed and passed on fake input tax credit on the strength of goods-less invoices - Economic offence having deep rooted conspiracies and involving huge loss of public funds needed to be viewed seriously and considered as grave offences affecting economy of Country as a whole and thereby posing serious threat to financial health of country. As such, it is required that we should take serious note of such economic offences. - Bail application rejected - DSC....