LUCKNOW, Aug. 24 -- The Directorate of Enforcement (ED), Lucknow zonal office, on Monday conducted search operations at nine premises in Muzaffarnagar and Ghaziabad in Uttar Pradesh and Faridabad in Haryana in connection with a money laundering investigation into the fraudulent availment and passing of bogus Input Tax Credit (ITC).

The searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in a case involving M/s Jambudwip Exports & Imports Ltd, an entity allegedly linked to a network involved in generating and passing fraudulent ITC through fabricated invoices and E-way bills without any actual movement of goods.

According to the investigation, the alleged network used multiple bogus or n...