The Colaba Police have taken a man into custody for impersonating a chartered accountant and defrauding a businessman from South Mumbai. The accused, identified as Aftab Memon, under the pretext of helping, Jay Dhani, a businessman, register for a new GST account, collected KYC details which he then used to create obscure companies. 

An officer told mid-day, "Using counterfeit invoices issued through these firms, Memon misappropriated GST payments amounting to Rs 1.30 crore which should have been deposited into the government treasury."