Cracking Down on Fake GST Invoices: Fresh ED Raids Across India
The Enforcement Directorate conducted searches across Jharkhand, West Bengal, and Maharashtra concerning a substantial fake GST invoice scam involving Rs 750 crore. This operation follows the arrest of the scheme's mastermind, Shiva Kumar Deora. These raids aim to uncover unauthorized financial channels and shell entities laundering proceeds of crime.
- Country:
- India
The Enforcement Directorate (ED) intensified its crackdown on a fake Goods and Services Tax (GST) invoices scam by conducting fresh raids across Jharkhand, West Bengal, and Maharashtra, official sources revealed on Thursday.
The operation targeted at least a dozen locations under the Prevention of Money Laundering Act (PMLA), focusing on shell entities and unauthorized financial channels connected to Rs 750 crore worth of fake Input Tax Credit (ITC).
These searches, stemming from the arrest of the case's mastermind, Shiva Kumar Deora, are backed by credible evidence indicating widespread involvement in laundering criminal proceeds.
(With inputs from agencies.)
ALSO READ
Steve Smith Reflects on MCG's 'Tricky' Pitch After Shock Ashes Defeat
Melbourne Pitch Criticism Ignites Debate on Fairness in Cricket
Power Glitch Halts Escalators: Chaos at Airport–Noapara Metro Line
Controversy Erupts Over Melbourne's Bowler-Friendly Cricket Pitch
Ashes Test Chaos: A Pitch Too Far?
Google News