Overview

• ED’s Ranchi Zonal Office issued the provisional attachment on September 29 under the Prevention of Money Laundering Act.
• The properties are linked to Amit Gupta and associates, with ED alleging Gupta bought real estate to launder illicit proceeds and shifted holdings to relatives after the DGGI inquiry began.
• The case stems from DGGI Jamshedpur complaints naming a syndicate led by Shiva Kumar Deora, Amit Gupta, Sumit Gupta and Amit Agarwal.
• Investigators say 135 shell companies across Jharkhand, West Bengal and Delhi were used to sell fake input tax credit, generating about Rs 67 crore in commissions.
• A previous July 3 order attached Rs 5.29 crore in assets linked to Deora, the key accused are in judicial custody, and a prosecution complaint is before the Special PMLA Court in Ranchi.