On Thursday, ED took major action in Jamshedpur regarding GST scam. Here ED has arrested a businessman in the Rs 800 crore scam case.
ED has started action by registering ECIR in the case related to fraud of more than 800 crores by making GST entries in the name of shell companies. On Thursday morning, raids were conducted at three places Ranchi, Jamshedpur and Kolkata in West Bengal at some nine places. Late on Thursday evening, Jamshedpur businessman Amit Agarwal alias Vicky Bhalotia was arrested by ED from his house in Jugsalai after interrogation.
Earlier also, Amit Agarwal alias Vicky Bhalotia was arrested in this case in 2023, currently he was on bail. The ED team has arrested him and brought him to Ranchi. Raids were also conducted at flat number 201 in Ishan Apartment of businessman Vivek Narsaria, who lives on Kanke Road in Ranchi, and the premises of businessmen Shiv Kumar Devda, Amit Gupta and Sumit Gupta in Salt Lake area of Kolkata. During the raid, ED has recovered important evidence including digital devices, documents related to investment. According to the information, ED first raided the places of Vicky Bhalotia in Jamshedpur. He was taken into custody and questioned late in the evening. After this he was arrested.
What is the matter
The accused, including Shiv Kumar Devda, Sumit Gupta and Amit Gupta, are accused of making fake invoices worth about Rs 14,325 crore, resulting in ineligible claims of more than Rs 800 crore. In this way, the government had to suffer a huge loss of revenue. GST Intelligence had earlier taken action in this case. Then a case was registered on the statement of GST officer Dinesh Singh and Shiv Kumar Devda, Sumit Gupta and Amit Gupta were sent to jail. Sumit and Amit Gupta are residents of Jamshedpur. However, now all the accused are out on bail. According to ED officials, the purpose of the search is to uncover documents and properties related to the proceeds of crime under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. ED has also found evidence related to this. According to officials associated with the investigation, GST theft was carried out through more than 90 shell companies.
