Daijiworld Media Network- New Delhi
New Delhi, Sep 11: The Enforcement Directorate (ED) on Thursday launched extensive raids across multiple states in connection with a massive Rs 650 crore fake GST input tax credit (ITC) scam, official sources revealed.
The searches, carried out under the Prevention of Money Laundering Act (PMLA), were conducted simultaneously at several locations in Arunachal Pradesh, Haryana, Delhi, Tamil Nadu, and Telangana. The operations were spearheaded by the Guwahati zonal office of the ED.
According to sources, the case involves companies and individuals allegedly generating fake invoices to fraudulently claim ITC worth hundreds of crores, thereby causing a huge loss to the exchequer.
While details of the seizures are yet to be officially disclosed, ED officials confirmed that incriminating documents, digital records, and financial transaction data are being examined as part of the probe.
Further investigation is underway, and the agency is expected to summon individuals linked to the racket for questioning.