Monday PMLA searches on a no-goods GST trail: nine premises, alleged bogus ITC of ₹9.63 crore.

The Enforcement Directorate on Monday, 24 August 2026, conducted Prevention of Money Laundering Act searches at nine premises in Muzaffarnagar and Ghaziabad in Uttar Pradesh and in Faridabad in Haryana. The operation was by the Lucknow Zonal Office. Searches are investigative steps. They are not a charge-sheet finding and they are not a conviction.

The case involves Jambudwip Exports and Imports, which, on the agency line, allegedly generated and passed bogus Input Tax Credit using fabricated invoices and e-way bills without actual movement of goods. Goods and Services Tax authorities have established fraudulent availment of ₹9.63 crore in Input Tax Credit, causing wrongful loss to the government exchequer; the Enforcement Directorate is treating the proceeds as proceeds of crime under the Prevention of Money Laundering Act. ₹9.63 crore is the Goods and Services Tax authority figure as restated on Monday’s desks. It remains an alleged bogus credit on an open money-laundering file. It is not a trial-court loss.

The Enforcement Directorate alleged that the company used circular transactions, layered funds and cash withdrawals through multiple bogus or non-existent entities. Searches aimed at tracing proceeds, identifying other beneficiaries and recovering documentary and digital evidence. Further investigation is underway. The company could not be contacted immediately. An agency allegation of layering through shell entities is not a proved circuit. Absence of an immediate company response is a reporting fact. It is not an admission.

Nine premises across three towns are the Monday geography. Muzaffarnagar and Ghaziabad sit in Uttar Pradesh. Faridabad sits in Haryana. Lucknow is the zonal office that ran the searches. This desk will not invent a list of directors, a bank-account schedule, a cash-seizure total, or a remand the tip does not lock. No arrest is recorded on this tip. No attachment figure is recorded on this tip. Those silences stay silences.

Input Tax Credit fraud, when alleged, is a predicate that a money-laundering file can pick up only after a scheduled offence is said to have generated proceeds. The Goods and Services Tax establishment of ₹9.63 crore is the predicate number on this card. The Prevention of Money Laundering Act searches are the Monday step. Linking the two is the agency’s case theory. A case theory is not a conviction.

Form B and any poll date are not notified on this file. Until the Enforcement Directorate writes a further paper and a court tests it, the public ledger is Monday’s nine-premises search in Muzaffarnagar, Ghaziabad and Faridabad, a Lucknow zonal operation, a named firm — Jambudwip Exports and Imports — alleged bogus invoices and e-way bills without movement of goods, alleged circular layering through bogus or non-existent entities, and alleged fraudulent Input Tax Credit of ₹9.63 crore treated as proceeds of crime. Every rupee remains allegation. No goods are said to have moved. No court has written guilt.