Quick Summary
The Enforcement Directorate (ED) has attached 10 immovable properties worth ₹15.41 crore in Kolkata and Howrah in connection with a massive ₹734 crore GST fake input tax credit (ITC) fraud spanning three states. The attachment, carried out under the Prevention of Money Laundering Act (PMLA), 2002, targets assets belonging to Amit Gupta, one of the key masterminds of the fraud and his associates. GST Fraud Across Jharkhand, West Bengal and Delhi The case, originating from a complaint filed by t
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FAQ :
The total value of the GST fake input tax credit (ITC) fraud is reported to be ₹734 crore.
The ED has attached 10 immovable properties worth ₹15.41 crore in Kolkata and Howrah.
Amit Gupta is identified as one of the key masterminds and the financial manager of the syndicate, allegedly laundering illicit gains by purchasing properties.
The syndicate operated through 135 shell companies, issuing fake GST invoices without actual supply of goods to generate and sell fake ITC.
Yes, Amit Gupta, Shiva Kumar Deora, Mohit Deora, and Amit Agarwal have been arrested and are currently in judicial custody.
No, this is the second major attachment; previously, properties worth ₹5.29 crore belonging to Shiva Kumar Deora were attached.
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