Ranchi/Kolkata, Oct 1: The Enforcement Directorate (ED) on Tuesday announced the attachment of 10 immovable properties worth ₹15.41 crore in Kolkata and Howrah, West Bengal, in connection with a massive Goods and Services Tax (GST) input tax credit (ITC) fraud.
According to the ED’s Ranchi wing, the attached assets belong to Amit Gupta identified as one of the masterminds of the syndicate and his close aides. The attachments, made under the Prevention of Money Laundering Act (PMLA), 2002, take the total attachment in the case to nearly ₹20.70 crore.
The investigation began after a complaint was filed by the Jamshedpur unit of the Director General of GST Intelligence (DGGI), Jharkhand. Officials found that the fraud involved floating multiple shell companies in Jharkhand, West Bengal, and Odisha to generate bogus GST invoices without any actual supply of goods.
The ED revealed that forged ITC worth around ₹794 crore was issued, which was later sold to beneficiary entities against hefty commissions. The syndicate earned nearly ₹67 crore through this fraudulent practice.
Amit Gupta, acting as the prime financial operator, converted these illicit earnings into immovable properties purchased in the names of relatives and associates in an attempt to conceal them. The agency has already arrested Gupta along with Sumit Gupta, Amit Agarwal, and S.K. Deora all of whom are currently in judicial custody.
Earlier, on July 3, 2025, the ED had provisionally attached properties worth ₹5.29 crore belonging to Deora. The latest attachment continues efforts to trace and seize the proceeds of crime.
A prosecution complaint has been filed before the Special PMLA Court in Ranchi, which has taken cognisance of the offence. Further investigation is underway.