The Enforcement Directorate (ED) on Saturday said it has attached assets worth Rs 1.37 crore of a Mumbai-based businessman as part of a money laundering probe linked to generation of alleged fake invoices.
The action has been taken against Ashok Kumar Singh, promoter of a company called Sheela Sales Corporation. Ashok hails from Jaunpur in Uttar Pradesh, the agency said in a statement.
"The attached immovable properties consist of three flats in Mumbai and two plots in Jaunpur in the name of the businessman and his family members," it said.
The ED said Sheela Sales Corporation availed input tax credit (ITC) worth Rs 63.5 crore during July 2017-September 2019 on "fake" invoices of Rs 352.9 crore raised in the name of Jai Bajrang Traders for supply of goods to the former company "without" any actual supply of goods. The agency filed a case against Ashok under criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a Uttar Pradesh Police FIR.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Man, 45, Gets Life Imprisonment For Raping, Impregnating 15-Year-Old Niece Ex Supreme Court Judge V Ramasubramanian Appointed Rights Panel Chief Simultaneous Polls Bill 12th To Be Sent To Joint Parliamentary Panel Since 2015 Bengaluru Techie Loses Rs 11.8 Crore After "Digital Arrest" Sebastian Zapeta: All About Guatemalan Migrant Who Set Woman On Fire "No Comment": India On Bangladesh Seeking Sheikh Hasina's Extradition Navy's Warship INS Tushil Docks In London On Maiden Operational Deployment "It Pains My Heart...": PM Cites Germany, Lanka Attacks At Christmas Event Illegal Migrant: Delhi Schools Ordered To Follow Strict Admission Process Track Latest News Live on NDTV.com and get news updates from India and around the world.