January 20, 2026 : The Enforcement Directorate is carrying out search operations at multiple locations across Jharkhand, Manipur and Kolkata in connection with a large fake Input Tax Credit scam involving around ₹658 crore. According to the agency, several firms are suspected of generating and availing fraudulent ITC by issuing fake invoices without any actual supply of goods or services.

The ED said such bogus claims not only cause significant losses to the public exchequer but are also commonly linked to money laundering activities and networks of shell companies. Further investigation into the matter is currently underway.