Rs 650 crore fake Input Tax Credit fraud: ED raids across 5 states over bogus invoices, money laundering links

The Enforcement Directorate (ED) conducted raids across multiple states, including Arunachal Pradesh and Delhi, uncovering a massive ₹650 crore fake Input Tax Credit (ITC) scam. The operation targeted individuals and firms suspected of generating fraudulent ITC through fake invoices without actual supply of goods or services.