Rajasthan High Court Denies Bail to Man Accused of Creating Dummy Firms to Evade GST Payments

The Rajasthan High Court dismissed Ankit Bansal’s application for anticipatory bail in a ₹704 crore GST evasion case. 

Bansal is accused of orchestrating the scam using a network of 353 dummy firms and counterfeit invoices, thereby creating an alleged picture of legitimate transactions to siphon off statutory tax credit and GST evasion of around Rs. 704 Crores.

Authorities seized ₹2.41 crore in unaccounted cash, and the suspect he attempted to abscond, conceal his past criminal history

The bench held that in economic offences, the magnitude of the fraud and the accused’s conduct are crucial factors, and continued custody is necessary to prevent witness tampering and ensure investigation integrity.