Business Standard

How GST fraud worth Rs 40 crore came into light at Manpasand Beverages

According to CGST commissionerate sources, MBL allegedly created and showed sales and purchases across more than 30 fake units

Manpasad Beverages director Abhishek Singh

Whole-time Director Abhishek Singh is likely to remain in judicial custody for now as the Centre's powers to arrest under CGST laws are under review of the Supreme Court

Vinay UmarjiAashish Aryan Ahmedabad | New Delhi
Ever since Deloitte resigned as auditor for Manpasand Beverages Ltd (MBL), the Vadodara-based company, a listed one, has been in controversy. However, the recent goods and services tax (GST) fraud that came to light with the arrests of top management executives is the latest episode in the controversy and has made things worse. 

Established by its current Chairman and Managing Director Dhirendra Singh, MBL boasted its presence in rural and tier-2 and 3 markets when its multinational competitors were ruling the metros and top cities.

By 2018, the company was congratulating itself on reaching out to these markets with a distribution strength

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First Published: May 31 2019 | 12:24 AM IST

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