Tuesday closes the nine-site ITC search: ₹3.6 crore cash on the table, the GST books still unproved.

The Enforcement Directorate on Tuesday, 25 August 2026, closed a Prevention of Money Laundering Act search that had begun on Monday, 24 August, at nine premises in Muzaffarnagar and Ghaziabad in Uttar Pradesh and in Faridabad in Haryana. The completed operation’s new fact is a cash seizure of ₹3.6 crore, plus documents. Monday’s launch of the same nine-site search has already been shipped on another cutting. This page is the Tuesday close. It is not a reprint of that launch.

The probe concerns Jambudwip Exports and Imports. On the agency line, the firm allegedly generated bogus Input Tax Credit through invoices and e-way bills without movement of goods. Officials attributed two Goods and Services Tax findings to that trail: ₹9.63 crore in fraudulently availed Input Tax Credit, and ₹10.28 crore in passed-on Input Tax Credit. Those two rupee books are Goods and Services Tax findings as restated on Tuesday’s desks. They are not a single invented total. This desk will not add ₹9.63 crore to ₹10.28 crore and print a merged fraud figure the tip does not lock. They remain unproved allegations on an open money-laundering file. A completed search is not a conviction.

₹3.6 crore is the Tuesday cash figure. It is not the Goods and Services Tax credit figure. Cash seized at the end of a search is an investigative recovery. It is not a trial-court confiscation and it is not a finding that the alleged Input Tax Credit was bogus. Documents taken with the cash are listed as seized. This desk will not invent a folder-wise inventory, a bank-account schedule, or a lock-up the tip does not write.

Shah Nawaz Rana is a name locked on this probe file. The facts do not write a designation, a remand, or a statement. This desk will not invent one. Nine premises across three towns remain the geography. Muzaffarnagar and Ghaziabad sit in Uttar Pradesh. Faridabad sits in Haryana. No fresh arrest is recorded on this Tuesday close. No attachment order is recorded. Those silences stay silences.

Input Tax Credit fraud, when alleged, is a predicate a money-laundering file can pick up only after a scheduled offence is said to have generated proceeds. The Goods and Services Tax books — ₹9.63 crore availed, ₹10.28 crore passed on — are the predicate numbers. The Prevention of Money Laundering Act search that ended Tuesday is the investigative step. Linking invoices and e-way bills to a no-goods movement is the case theory. A case theory is not guilt.

Form B and any poll date are not notified on this file. Until a further agency paper is written and a court tests it, the public ledger is Tuesday’s completed nine-premises search in Muzaffarnagar, Ghaziabad and Faridabad, a cash seizure of ₹3.6 crore plus documents, a named firm — Jambudwip Exports and Imports — alleged bogus invoices and e-way bills without movement of goods, alleged fraudulently availed Input Tax Credit of ₹9.63 crore, alleged passed-on Input Tax Credit of ₹10.28 crore, and a name, Shah Nawaz Rana, without a designation this desk will invent. Every rupee of alleged credit remains unproved. The ₹3.6 crore is a seizure figure, not a conviction.