OYO Rs 22 crore scam: Fake bookings, GST evasion and legal heat on Ritesh Agarwal
It is needless to say how much craze the famous hotel booking company Oyo has across the country. Started in India, this company has now expanded to over 80 countries. Oyo, which mainly attracts youth, is always in the news in some way or another. Recently, news related to Oyo Rooms fraud is going viral. What is the fraud that happened in Oyo Rooms? How did the company cheat the hotels? To know the details, you have to go into this story.
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OYO, this name that needs no special introduction. This company, which has simplified the hotel room booking process, has a good reputation worldwide. Meanwhile, OYO, which is often in the news, has made it to the news this time with a fraud of Rs 22 crore. There are allegations that OYO is earning money in the name of fake bookings. In this order, a case of fraud of Rs 22 crore has been registered against OYO owner Ritesh Agarwal.
What is the fraud? Some hotel owners in Jaipur, Rajasthan have alleged that OYO has cheated them. Allegations have been made that OYO has earned money by making fake bookings in their hotels. News has come that OYO has increased its income by booking hotels in a wrong way, due to which the hotels have suffered severely.
Hotel Federation of Rajasthan President Hussain Khan has expressed concern over this matter. He said that this has become a big problem for hotel owners. A hotel operator has alleged that OYO founder Ritesh Agarwal has committed a fraud of Rs 22 crore. An FIR has also been registered. More than 10 hotel owners in Jodhpur have received notices from the State GST and Central GST.
How does the fraud happen? Hotel owners have alleged that hotels are first booked online through OYO and cancelled after some time. GST is collected for this, which has to be paid by the hotel owners. Allegations have been made that OYO is earning money in this wrong way. Currently, an investigation is underway regarding this.
