The Centre is planning multi-agency action involving the Enforcement Directorate, Finance Ministry, intelligence agencies and state police forces to investigate a mammoth GST fraud unearthed by the Noida Police, News18 has learnt.
Sources told News18 that a central intelligence agency has prepared an initial report based on the preliminary investigation and recommended that multiple agencies be roped in to crack the scam which has reportedly caused the central exchequer a revenue loss of Rs 955 crore so far. Sources added that the amount is likely to go up “multi-fold” as the investigation progresses.
Officials added that initial analysis revealed the scam stretches across multiple states and Union Territories, with Delhi being the epicentre.
Read more at : news18.com
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