Bail denied to Bharuch bizman in Rs 71cr GST case

Vadodara: A sessions court here denied bail to a Bharuch-based businessman who was arrested by Goods and Service Tax department for evading taxes worth Rs 71 crore.
Dilip Jain had applied for bail on June 17 pleading innocence and denying all charges claimed by GST department against him. However, the bail plea was opposed by the department and the court of additional sessions judge P T Patel turned down the plea.
“The accused in his recent filings had claimed that he did not have to pay any tax. But in reality, he had taken money from over five lakh investors and he had indulged in transactions amounting to Rs 425 crore,” said district government pleader Anil Desai.
“The accused had evaded tax amounting to Rs 71 crore, which is a serious economic offence,” he added.