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The Enforcement Directorate (ED) on Thursday conducted search operations at eight locations across Jharkhand, Kolkata, and Mumbai in connection with a Rs 730 crore fake GST scam. The raids were carried out following "credible evidence" indicating that multiple individuals and firms were involved in laundering the "proceeds of crime" generated through large-scale tax fraud. The case is linked to a syndicate allegedly led by Shiv Kumar Devda, who, along with associates Mohit Devda, Amit Gupta, an
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FAQ :
The ED is investigating a fake Goods and Services Tax (GST) scam worth Rs 730 crore, involving the laundering of proceeds from tax fraud.
The ED conducted search operations at eight locations across Jharkhand, Kolkata, and Mumbai.
The scam is linked to a network of 135 fake companies that existed only on paper.
The syndicate allegedly created fake companies to issue fraudulent invoices worth over Rs 5,000 crore without any actual supply of goods or services.
The syndicate is allegedly led by Shiv Kumar Devda, along with associates Mohit Devda, Amit Gupta, and Amit Agarwal, who were arrested earlier this year.
No, these raids mark the second phase of the ED's crackdown, following an initial round of searches in May.
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