Major GST Fraud Case Surfaces in Hyderabad

A major GST fraud case has come to light in Hyderabad after GST officials arrested Ecoren Energy Managing Director Lakshmi Prasad Yerneni. Authorities alleged that the company fraudulently claimed ₹64.5 crore in fake Input Tax Credit (ITC) by using fabricated invoices. The arrest marks a significant development in the investigation into suspected tax evasion.

Ecoren Energy has made substantial investments in the renewable energy sector across Andhra Pradesh and Telangana. GST officials claim the company obtained ineligible tax benefits through fake documentation and are continuing their investigation to identify the full extent of the alleged fraud and any additional individuals or entities involved.