Thrissur: The police have revealed that Highrich company allegedly orchestrated a massive fraud exceeding Rs 1,000 crore under the guise of online shopping. The police, in a report submitted to the court, detailed the fraudulent activities amounting to Rs 1,630 crore, prompting a call for the case to be transferred to higher investigating agencies for a more in-depth probe.
Highrich company stands accused of charging numerous individuals without adhering to any established rules within the realm of online shopping. The court ordered an investigation following a complaint from a resident of Kozhikode. Previous findings by the GST department had already implicated Highrich in tax evasion amounting to Rs 126 crore, leading to the subsequent arrest of the institution’s director.
As the investigation unfolded, it became apparent that the fraudulent activities of Highrich extended far beyond the initial tax evasion case, with the police estimating the total fraud to be in excess of Rs 1,000 crore. The gravity of the situation has prompted authorities to seek the involvement of higher investigating agencies to ensure a thorough examination of this substantial financial misconduct.
Discussion about this post