Hyderabad: Enforcement Directorate has registered an enforcement case information report (ECIR) and initiated a money laundering investigation in connection with a 46 crore GST refund fraud case. ECIR follows an FIR lodged by Hyderabad central crime station police.

On May 4, CCS sleuths arrested five GST officials on charges of fraud while probing seven cases.

According to the CCS detective department, the accused officials conspired with seven individuals who allegedly established bogus electric bike manufacturing units in Hyderabad.

The accused registered the fake companies on GST portal by submitting fabricated documents such as rental agreements and electricity bills to claim fraudulent GST refunds.

ED is probing the money routing angle and trying to identify the crime proceeds involved in the case. ED has decided to record the statements of the accused officials and witnesses in the case.

Source: The Times of India