The Enforcement Directorate (ED) has initiated search operations at nine locations across Kolkata, Ranchi, and Jamshedpur in connection with a money laundering investigation linked to fraudulent GST invoices. The accused are alleged to have generated fake invoices worth approximately 14 thousand 325 crore rupees, resulting in ineligible ITC claims of over eight hundred crore rupees. In a statement, the agency said the search operation aims to uncover documents and assets linked to the proceeds of crime under the provisions of the Prevention of Money Laundering Act.
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