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ED Raids Nine Locations in Multi-State ₹14,325 Crore GST Fraud Probe

Searches in Kolkata, Ranchi, and Jamshedpur aim to trace assets and documents tied to a massive fake invoice racket under the Prevention of Money Laundering Act.

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Overview

  • The Enforcement Directorate (ED) conducted coordinated raids at nine locations, targeting Kolkata, Ranchi, and Jamshedpur as part of an ongoing money laundering investigation.
  • The probe centers on an alleged ₹14,325 crore fake GST invoice racket, with ineligible input tax credit claims exceeding ₹800 crore.
  • Key suspects include Shiv Kumar Deora and brothers Amit and Sumit Gupta, who were previously arrested by GST Intelligence officials in 2024.
  • Officials are working to uncover documents and trace assets linked to the proceeds of crime under the Prevention of Money Laundering Act (PMLA).
  • The alleged racket spans multiple states, including Odisha, West Bengal, Jharkhand, Chhattisgarh, and Tamil Nadu, highlighting systemic vulnerabilities in tax credit monitoring.