Humayoon Kalliyath is known as the executive director of Kerala’s Kairali Steels & Alloys, who was recently detained after discovered a large-scale GST evasion was discovered.
Humayoon Kalliyath was arrested by Central GST Intelligence, He was apprehended and held in detention for 14 days. The Central GST Department had previously raided the Kairali TMT office.
DGGI reported that, they discovered a cartel of steel sector entities using and passing false input tax credits to aid GST evasion.
Executive director Humayoon Kalliyath runs Kairali Steels & Alloys Pvt. Ltd. at Palakkad. According to his appearance, he is in his late forties; nevertheless, his exact date of birth is unknown.
LinkedIn profile of Humayoon show that, he earned a bachelor’s degree in business administration from Farook College in Kozhikkode and a master’s degree in science from Robert Gordon University.
Humayoon once worked at Humayoon and Associates, Sree Kumaran Steels, and KAIRALI TMT, where he was a director before becoming an executive director.
Humayoon Kalliyath was detained by Jijo Francis, an intelligence officer of the DGGI Thiruvananthapuram Regional Unit, in accordance with Section 69 of the CGST Act of 2017.
Under Section 132 of the CGST Act, 2017, he could face charges for both cognizable and non-bailable offenses. He was detained and placed in judicial custody for 14 days in Thiruvananthapuram before the Additional Chief Judicial Magistrate.
Humayoon & Associates, the con artists’ masterminds, is also the executive director of Kairali Steels & Alloys Pvt. In a statement, Mathew M Jolly, principal additional director general, Directorate General of GST Intelligence, Kochi zonal unit, said that Kairali Steels & Alloys is the primary benefactor of the scam.
According to a DGGI announcement issued here on Wednesday, Kairali Steels & Alloys, a significant supplier of steel bars in Kerala with factories in Palakkad and Salem, is the primary benefactor of the scam. According to the DGGI, the cartel passed on phony GST input tax credits worth Rs 43 crore due to the evasion.
After an investigation, the Directorate General of GST Intelligence discovered a massive evasion of Goods and Services Tax. A cartel of units in Kerala’s steel industry issued bills worth around Rs 400 crore to final beneficiaries.
Humayoon Kalliyath’s net worth might be around 100 crores, as the minimum salary of the executive director ranges between 50-60 lakhs, according to the source.
By expanding manufacturing, introducing new goods, and enhancing the distribution network, the Kerala-based steel products producer Kalliyath group hopes to attain a revenue of Rs 1000 crore this year.