Bizman, others booked for giving forged sureties | Ludhiana News

Ludhiana: After the bogus billing case accused allegedly secured bail by furnishing two forged sureties, the Ludhiana police on Tuesday registered an FIR against him and unknown persons. The case was registered on the complaint of Sham Sundar, inspector of the anti-evasion wing of Central GST (CGST) commissionerate, Ludhiana.
Joint commissioner of police Deepak Parekh said, “We have registered the FIR against Sahil Jain, a businessman and resident of Sundar Nagar, and others under sections 177, 199, 200, 420, 465, 467, 468, 471, 474 and 120-B of the IPC.”
Jain has been summoned to appear before the court on March 26 in fake sureties case. Jain was booked and arrested by CGST on November 11 last for bogus billing of Rs 393 crore. He had committed the financial crime by operating multiple firms in his, family members’ and friends’ names and issued invoices without the actual supply of goods. In the course of hearing of the CGST case, Jain was granted bail on January 11 upon furnishing of two sureties of Rs 1 crore and bank guarantee or FDR of Rs 50 lakh. But the CGST department found the papers forged as the two men who were shown as sureties gave a statement before the department that they did not know Jain and never gave any kind of surety for his bail.
The CGST department not only brought the matter to the knowledge of the court, but also filed a police complaint, seeking action against the accused for furnishing false information.