Fake ITC Scam: ED Conducts Raids Across 5 States

The Enforcement Directorate (ED) continued its raids in the fake ITC scam, conducting simultaneous inspections at 10 locations across five states, including Telangana. In Hyderabad, searches took place in Medchal district. Officials uncovered fake invoices used for transactions worth crores, with ₹350 crore routed through a shell company to evade taxes.