ED, Ahmedabad has conducted search operations on 27.10.2024 at 07 premises located at Ahmedabad, Surat and Bhavnagar, in the state of Gujarat in a Money Laundering Case registered against M/s Dhruvi Enterprises & others. During the search operations, incriminating documents were recovered and seized

"On 29/10/2024, the Enforcement Directorate (ED) issued an update regarding ED, Ahmedabad has conducted search operations on 27.10.2024 at 07 premises located at Ahmedabad, Surat and Bhavnagar, in the state of Gujarat in a Money Laundering Case registered against M/s Dhruvi Enterprises & others.

During the search operations, incriminating documents were recovered and seized. The instant case has been registered by Ahmedabad Crime Branch of Gujarat Police on receipt of a complaint from Directorate General of GST Intelligence (DGGI) against creation of more than 200 shell entities by a group of organized criminals in order to fraudulently receive and pass-on the Input Tax Credit (ITC) at the strength of bogus invoices.

In this case, ED Ahmedabad had previously conducted searches at 23 locations at Ahmedabad, Bhavnagar, Junagadh, Veraval, Rajkot, Surat and Kodinar, all in the state of Gujarat under PMLA, 2002, including the registered addresses of the entities availing ITC.