Energy firm MD arrested in ₹64 cr ITC fraud case - The Times of India

Hyderabad : The managing director of Ecoren Energy India Pvt Ltd was arrested by GST authorities for allegedly fraudulently availing and utilising ₹64.5 crore in input tax credit (ITC) through fake invoices, in what officials described as a major tax evasion case involving fabricated transactions and a network of firms.Lakshmi Prasad Yerneni, 56, was arrested in the early hours of Friday and subse…