The Enforcement Directorate (ED) conducted extensive search operations in Gujarat on November 29, targeting 19 locations linked to cases of government fund misappropriation in post offices under the Prevention of Money Laundering Act (PMLA), 2002. The operations are part of a broader investigation into alleged financial misconduct. In a separate incident, the Serious Fraud Investigation Office (SFIO) executed searches at three electric vehicle (EV) manufacturers, including Hero Electric and Okinawa Autotech, over allegations of fraudulent subsidy claims totaling ₹297 crore under the FAME-II scheme. Additionally, the Income Tax Department carried out raids in Udaipur, Rajasthan, uncovering 50 kg of gold and approximately ₹5 crore in cash linked to a prominent transport businessman. These actions reflect ongoing efforts by Indian authorities to address financial irregularities across various sectors.
#WATCH | West Bengal: Enforcement Directorate (ED) carries out search operation in Haldia, Purba Medinipur in connection with medical college admission quota case. ED is raiding various private medical colleges of the state, including those in Haldia, Durgapur and Kolkata. In… https://t.co/stlb1uq9P9
KEC International: Bangladesh Tax Tribunal dismisses company’s appeal against VAT DEMAND. The company will challenge the VAT order in the Bangladesh High Court.
How India says Volkswagen evaded $1.4 bln in import taxes https://t.co/lhenG48Vmm https://t.co/c1kKf6mwVo