ED unearths Rs.3,000-croreGST fraud in Fatehgarh sahib
Ludhiana, June 21 -- The Enforcement Directorate (ED) has unearthed a financial fraud involving fake GST invoicing, bogus firms and suspicious cash withdrawals amounting to Rs.3,089.57 crore in Fatehgarh Sahib. Following a formal complaint filed by the central probe agency, five key suspects have been named, while two others remain unidentified. The syndicate established a network of shell companies to generate fake invoices, pass illegal input tax credit and execute large-scale, suspicious cash withdrawals. P2...
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