Enforcement Directorate: The Enforcement Directorate (ED) conducted raids in Jharkhand in connection with the investigation of the money laundering case related to the creation of fake Goods and Services Tax (GST) bills. Official sources gave this information.
Raids are being conducted at at least 9 places in Ranchi, Jamshedpur and Kolkata. The ED suspects that the accused Shiv Kumar Devda, Sumit Gupta and Amit Gupta allegedly prepared fake bills worth Rs 14,325 crore, resulting in wrong ITC (input tax credit) claims of more than Rs 800 crore.
The ED is searching the houses of several accused including Shiv Kumar Devda, Sumit Gupta. All are accused of committing a scam by creating fake GST invoices worth a total of Rs 14,325 crore, wrongly claiming input tax credit of more than Rs 800 crore.
Official sources said that the purpose of the raid is to collect documents and assets related to the alleged proceeds of crime under the provisions of the Prevention of Money Laundering Act (PMLA).
