GST evasion: Self-styled guru sent to 14-day judicial custody

The CMD of a firm, Radhey Shyam, and an accused in a Rs 3,000-crore fraud case registered by the Telangana Police, was sent to judicial custody by a local court in connection with the default of GST payment of Rs 57 crore here today.

After coming out of jail from Telangana on bail three years ago, he turned into a self-styled guru and started preaching people under the name of 'Paramguru Radhey Shyam'.

Sources said Shyam, along with the MD of the firm, Bansi Lal, appeared in the court of Chief Judicial Magistrate (CJM) Rajeev in a matter related to GST liabilities. Both were facing a trial in the CJM's court.

On the orders of the court, they were sent to Central Jail No. 2 in Hisar for 14 days. The Central Goods and Services Tax (CGST) Commissioner had filed a complaint in November 2024, claiming Rs 57 crore in unpaid service tax from the company’s business between 2015 and 2018.

In 2018, the Telangana Police had registered a fraud case against Shyam, a resident of Siswal village in Adampur region of Hisar; Sunder Saini of Chindar village in Fatehabad and others for allegedly cheating investors under the name of Future Maker firm. The company was accused of defrauding about 32.8 lakh investors of nearly Rs 2,957 crore.