<div><span style="font-family: georgia, palatino, serif; font-size: 12pt;">The Enforcement Directorate (ED) has launched a significant operation targeting a massive Goods and Services Tax (GST) fraud, conducting raids at nine locations across Jharkhand and West Bengal. The investigation focuses on fraudulent input tax credit (ITC) claims exceeding ₹800 crore, stemming from fake invoices totaling approximately ₹14,325 crore.</span></div>
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<div><span style="font-family: georgia, palatino, serif; font-size: 12pt;">Raids were carried out in Ranchi, Jamshedpur, and Kolkata, aiming to uncover evidence related to the alleged scam. The ED suspects that the accused&mdash;Shiv Kumar Deora, Sumit Gupta, and Amit Gupta&mdash;utilized shell companies and forged documents to generate bogus GST invoices, facilitating undue tax benefits before dissolving these fictitious entities.</span></div>
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<div><span style="font-family: georgia, palatino, serif; font-size: 12pt;">The searches are conducted under the provisions of the Prevention of Money Laundering Act (PMLA), with the objective of tracing assets and documents linked to the proceeds of the alleged crime. This operation follows previous actions by tax authorities, including the arrest of Deora and the Gupta brothers in connection with similar GST fraud cases.</span></div>
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<div><span style="font-family: georgia, palatino, serif; font-size: 12pt;">The ED's ongoing investigation underscores the agency's commitment to combating large-scale financial fraud and ensuring the integrity of the country's taxation system.</span></div>

Fake invoices worth ₹14,325 crore linked to shell companies; key suspects under ED scrutiny

ED Raids Uncover ₹800 Crore GST Fraud Across Jharkhand and West Bengal

Fake invoices worth ₹14,325 crore linked to shell companies; key suspects under ED scrutiny

May 8, 2025 | 12:56 IST