ED Cracks Down on Rs 750 Crore Fake ITC Scam Across Three States

The Enforcement Directorate (ED) launched a series of raids on Thursday, targeting 12 locations across Jharkhand, West Bengal, and Maharashtra. This operation is part of an extensive investigation into a Rs 750 crore fake Input Tax Credit (ITC) scam, according to agency officials.

Authorities revealed that the scam involves a complex network of shell companies and illicit financial channels, orchestrated to generate and launder fraudulent ITC claims. The probe traces back to the arrest of Shiva Kumar Deora, the alleged mastermind behind the syndicate, who was detained in May 2025 and recently chargesheeted.

The searches, driven by credible intelligence, aim to uncover additional beneficiaries and financial conduits within this illicit framework. The ED's efforts focus on mapping the comprehensive money trail and retrieving evidence tied to the crime's proceeds. (ANI)

(With inputs from agencies.)