ED Seizes Assets Worth 36 Lakh in Arunachal Tax Fraud Case

Itanagar: The Enforcement Directorate just clamped down on 36.47 lakh in assets across Arunachal Pradesh. Federal agents targeted bank accounts and a commercial plot in the B-Sector of Naharlagun, Papum Pare district. This move comes under the Prevention of Money Laundering Act via an order signed August 11.

The agency started this probe following an FIR from the Bureau of Investigation in Guwahati. Investigators focused on M/s Amit Traders and other firms. They discovered M/s Shree Ram Enterprises cooked up fake invoices to generate 116 crore in input tax credit during 2022-23. The firm then funneled 41.43 crore through a web of shell companies. The agency stated, "The present attachment includes the bank balance of M/s Sun Force Solar Private Limited, which was allegedly directly traceable to the proceeds of the offence."

Authorities also seized holdings tied to Yalpu Enterprise, Angela Enterprises, and Zee Engineering and Construction. This latest action bumps the total seized assets to 3.66 crore, as agents already took 3.30 crore in previous rounds. The Adjudicating Authority confirmed those earlier seizures. Prosecutors have already filed a chargesheet with the Special PMLA Court. Agents are still digging into the scam.