Indore: The court on Friday rejected bail application of Rajesh Thakkar, a key accused of the scam involving bogus transactions of over Rs 1,100 crore and gross irregularities in Input Tax Credit worth Rs 150 crore. The bail application was presented in the court of Additional Sessions Judge MK Sharma. The counsels of accused Satyavijay Makhan and Rishiraj told court that Thakkar is made accused under Section 132 of GST Act. He is innocent and has been involved in the case merely on the basis of statements of co-accused Jagdish and Mehul. He has no previous criminal record. Even the court has accepted the bail application of both the co-accused. Therefore, Thakkar should also be granted bail.
On behalf of CGST department, public prosecutor Chandan Airen appeared in the court. Airen opposed the bail application saying that the applicant is accused of GST evasion of Rs 5 crore. While hatching the conspiracy, he created fake invoices and evaded tax worth Rs 32 crore. The charges labelled against applicant are serious and non-bailable. Earlier, the court had rejected the bail application of Thakkar. At the end, court stated that looking at the seriousness of crime, bail cannot be granted.