Lucknow: The Enforcement Directorate (ED) on Monday conducted searches at multiple locations in Uttar Pradesh and Haryana as part of a money laundering probe linked to an alleged Goods and Services Tax (GST) fraud, officials said.
The searches were carried out at nine premises in Muzaffarnagar and Ghaziabad in Uttar Pradesh, besides locations in Faridabad, Haryana, under the provisions of the Prevention of Money Laundering Act (PMLA).
The investigation relates to the alleged fraudulent availment and transfer of bogus Input Tax Credit (ITC). According to officials, the case involves Jambudwip Exports and Imports, which is suspected of generating and passing on fake ITC through fabricated invoices and e-way bills.
Investigators allege that the transactions were recorded without any actual movement of goods, enabling the entities involved to claim or transfer ineligible tax credit.
The searches are part of the ED’s ongoing investigation into the alleged money laundering linked to the GST fraud. Further details of the operation and any seizures or findings are awaited.
