Directorate for enforcement of law (ED) on Thursday raids on 12 locations across Jharkhand, West Bengal and Maharashtra as part of an ongoing investigation and £Officials confirmed fraud 750 crore fake tax credit (ITC).
Search, performed according to the prevention of money laundering (PMLA), 2002, began early in the morning.
Officials revealed that the case focused on the network of Shell and unauthorized financial channels used to generate and washing fraudulent ITC claims, and reported.
The investigation came from the arrest of the shiva kumar deory, allegedly the main champion of the syndicate. Deora was taken into custody in May 2025 and was charged with last month. Officials claim that his interrogation and confiscated evidence have revealed the involvement of several other individuals and companies in washing the income from crime.
According to officials, the ongoing search operation is based on trustworthy potential customers that helped the agency identify other recipients and financial management in an illicit network.
The ongoing search operation is based on trustworthy potential customers who have helped the agency identify other recipients and financial management within the illicit network.
The aim of the operation is to monitor the wider money trail and restore the incriminating material associated with the proceeds of crime.
(Tagstotranslate) Directorate for Pravo enforcement
