UditVani, Jamshedpur : In a major crackdown on a Rs 750 crore GST scam, the Enforcement Directorate (ED) has launched simultaneous raids at more than 28 locations across India, including Ranchi, Kolkata, Mumbai, and Jamshedpur.
This is part of the agency’s ongoing investigation into one of Jharkhand’s biggest financial frauds.
In Jamshedpur, the ED raided over six premises linked to scrap trader Gyanchand Jaiswal alias Bablu Jaiswal. He had previously been arrested and jailed in connection with this case. This marks the second major action by the ED in the case, following earlier searches and investigations at various locations.
ED teams conducted raids in several areas of Jamshedpur including Circuit House Area, Bistupur, Jugsalai, and Adityapur, covering both residential and commercial premises. In Ranchi, operations were reported at around six sites, including Krishna Apartment in the PP Compound.
Earlier, the ED had arrested Shiv Kumar Devda and Amit Agarwal alias Vicky Bhalotia in the same case. During interrogation, it was revealed that multiple fake companies were created to carry out fictitious transactions, without actual purchase or sale of goods, and to fraudulently claim Input Tax Credit (ITC).
Based on inputs gathered during these interrogations, the ED launched this second round of intensive action.
The raids have sent shockwaves across the business community and reinforced the message of strict action against illegal economic activities in the state.
