The Enforcement Directorate (ED) has provisionally attached immovable industrial assets worth Rs 3.30 crore in an industrial area of Rajasthan under the Prevention of Money-Laundering Act (PMLA), 2002. The assets, measuring about 1,195 square yards, are located at Industrial Area, Khushkhera, Khairthal-Tijara.
The attachment was made through a Provisional Attachment Order issued under the PMLA in the case of M/s Prisha Exim and Anmol Jain. The investigation was initiated based on a FIR registered for scheduled offences under various Sections of the IPC, 1860.
It was found that fraudulent activities led to the generation of fake Input Tax Credit (ITC) of approximately Rs 116 crore through the issuance of invoices without actual supply of goods. The investigation uncovered a network of non-existent and shell entities involved in the fraudulent activities.
Further examination revealed that a non-existent entity, M/s Technofab International, fraudulently claimed ITC and facilitated the transfer of fictitious ITC. M/s Prisha Exim, controlled by Anmol Jain, received and utilized Rs 7.39 crore of fraudulent ITC without genuine supply of goods.
The funds transferred by M/s Prisha Exim to the fictitious supplier were diverted to multiple shell entities across the country, indicating systematic layering and laundering of Proceeds of Crime. The attached immovable properties are held in the name of M/s Prisha Electricals, wholly owned and controlled by Anmol Jain.
Further investigation into the matter is currently ongoing.
