Jamshedpur: Separate Enforcement Directorate (ED) teams on Wednesday searched multiple premises linked to city-based businessman and scrap dealer Gyan Chand Jaiswal alias Bablu Jaiswal in connection with an alleged multi-crore GST scam.Considerable activity was reported at a complex in Bistupur after an ED team arrived at Jaiswal’s residential-cum-office premises around 7 am in a white car and began the search.Apart from that, searches were conducted at premises in C H Area and Adityapur. According to reports, an establishment in Kolkata was also searched.ED also reportedly searched the premises of Jaiswal’s auditor, Sanjay Parekh, and three other persons allegedly linked to him in the city.The teams examined documents, GST-related records, financial papers and transaction details at the various locations. A CRPF team was deployed to provide security during the operation.The searches were conducted under Section 17 of the Prevention of Money Laundering Act (PMLA), 2002. The case is reportedly linked to the alleged fraudulent availment of GST input tax credit (ITC).The ED operation was still under way when this report was filed. Officers, however, declined to disclose any preliminary findings to the media.Prior to the ED action, the Directorate General of Goods and Services Tax Intelligence (DGGI), Jamshedpur, had filed several complaints and unearthed a syndicate allegedly involved in large-scale GST fraud. Based on these complaints, the ED registered an enforcement case information report (ECIR) and initiated a money-laundering investigation.
