Ludhiana

THREE PROPERTIES OF JALDHARA EXPORTS WORTH RS 79 LAKH ATTACHED BY ENFORCEMENT DIRECTORATE

The Hush Post, Ludhiana: Three properties worth about Rs. 79 lakhs belonging to Ludhiana firm M/S Jaldhara Exports were attached which fraudulently claimed VAT refund of Rs. 1.56 crores from state’s excise and taxation department in the year 2012-13. The properties were attached by Jalandhar based Zonal Unit of enforcement directorate (ED) on Wednesday. The development comes after the department arrested firm’s owner Raman Kumar Garg in October after he and his family members vanished subsequent to ED issuing arrest warrants against them.

The department in May 2016 had also attached two immovable properties worth Rs. 58 lakhs belonging to the accused. In this case, Jaldhara exports had shown export of readymade garments worth Rs. 33.36 crores to Bangladesh in the financial year 2012-13 on the basis of which the firm fraudulently claimed VAT refund to the tune of Rs. 1.56 crore. After which the entire money was siphoned off by the owner of the firm by showing payments made to non-existent companies which were owned by family members and workers. The ED in its investigation concluded that no export consignment was sent by this firm in actual in fact the shipping bills shown by the firm to claim VAT refund were found to be fake and fabricated. After this an FIR was registered at police station division number 5 under section 177,420,465,467,468 and 471 of IPC following which an Enforcement Case Information Report (ECIR) was registered by ED in August 2013 against the accused.

Categories: Ludhiana, Miscellaneous

Tagged as:

Leave a Reply