Two businessmen Grandhi Eswar Rao and Grandhi Bhaskar Rao are now facing the heat of GST intelligence sleuths. The duo was served notices by GST intelligence in connection with 200 crore fake invoices fraud by Hero Wiretex Company. On February 1, the Directorate General of GST Intelligence Hyderabad arrested Raveendra Sangepu Chief Financial Officer of Hero Wiretex Company.
Earlier in January, the managing director of Hero Wiretex Limited Seemakurti Raghunadha Gupta was arrested by Vizag DGGI sleuths. Both Grandhi Bhaskar Rao, 59, who is the director of Adarsh Global Trades and Services Pvt Ltd, and G Eswar Rao petitioned the Telangana High court seeking anticipatory bail in the GST case.