Mumbai: Vikhroli businessman, four others held for Rs 440-crore GST credit fraud

Five people, including the director of a Vikhroli-based company, have been arrested by central GST officials for fraudulently claiming Rs 441 core as input tax credit with the help of forged invoices and shell companies. The accused also allegedly took Rs 146-crore in loans from various cooperatives banks after manipulating documents.  "During investigation, we learnt that the accused had tak…