ED raids multiple Jharkhand cities in ₹750 crore GST scam case
THE JHARKHAND STORY DESK Ranchi, August 7: The Enforcement Directorate (ED) conducted raids on Thursday in connection with a ₹750 crore…
THE JHARKHAND STORY DESK
Ranchi, August 7: The Enforcement Directorate (ED) conducted raids on Thursday in connection with a ₹750 crore GST scam, targeting traders in Ranchi, Jamshedpur, and Dhanbad.
Searches are being carried out at a total of 12 locations to examine documents related to the fraud.
In addition to Jharkhand, ED teams are also searching the premises of businessmen in Kolkata (West Bengal) and Mumbai.
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The accused are alleged to have defrauded the government by availing Input Tax Credit (ITC) through fake invoices.
Members of the Devda group reportedly created shell companies to execute the scam. After claiming the undue ITC benefits, most of these companies were shut down.
The GST registrations of these firms have either been suspended or cancelled.
ED had previously raided locations in this case and arrested four individuals, including Shiv Kumar Devda from Kolkata and Amit Agarwal alias Vicky Bhalotia from Jamshedpur.
