Rs 3,000-cr fraud: Bail petition of two accused rejected

Additional Sessions Judge Gagandeep Mittal today rejected the bail application of Future Maker Life Care Pvt Ltd CMD Radhey Shyam and his partner Bansi Lal in a case of evasion of Rs 54 crore. The duo have been facing fraud charges for cheating about 30 lakh persons of Rs 3,000 crore across the country.

The Chief Judicial Magistrate had sent Radhey Shyam to judicial custody on November 10 in connection with GST evasion of over Rs 54 crore in a case filed by the Central GST.

The Income Tax Department detected this tax evasion during investigation. Advocate Devender Verma said in November 2024, the department filed a complaint with the Assistant Commissioner.

The complaint stated that the company charged a membership fee of Rs 3,750 and enrolled members across the country, generating substantial revenue.

However, the company did not deposit the GST collected on this amount. Assistant Commissioner, CGST Division, Hisar, had filed a case against the firm, engaged in direct marketing, by enrolling individuals as “direct sellers”. The firm enrolled 32,86,123 active user IDs and collected around Rs 2,959 crore from its members.