Enforcement Directorate launches probe in 46 crore GST fraud case
By: Admin
October 11, 2024
Categories: News ED
4 Min Read
The Enforcement Directorate (ED) has registered an Enforcement Case Information Report (ECIR) and initiated a money laundering investigation related to a 46 crore GST refund fraud case. The ECIR follows the FIR filed by the Hyderabad Central Crime Station (CCS) police.
On May 4, CCS detectives arrested five GST officials accused of fraud while investigating seven cases.
According to the CCS detective department, the accused officials allegedly conspired with seven individuals to create bogus electric bike manufacturing units in Hyderabad. These fake companies were registered on the GST portal using fabricated documents like rental agreements and electricity bills to claim fraudulent GST refunds.
The ED is now focusing on tracking the money trail and identifying the crime proceeds linked to the case. The ED plans to record statements from the accused officials and witnesses involved.
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Source: Times of India
