https://www.taxtmi.com/news?id=67921 Investigations under the Prevention of Money Laundering Act concern an alleged Rs 658 crore fake ITC scheme involving multi-state searches; a non-existent firm, Siddhi Vinayak Trade Merchants, is alleged to have helped claim Rs 99.31 crore of ITC via bogus invoices valued at Rs 658.55 crore, with some 58 shell entities across states under scrutiny and coordination with state police for the money-laundering probe. en-us Tue, 20 Jan 2026 14:16:03 +0530 Tue, 20 Jan 2026 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67921 Investigations under the Prevention of Money Laundering Act concern an alleged Rs 658 crore fake ITC scheme involving multi-state searches; a non-existent firm, Siddhi Vinayak Trade Merchants, is alleged to have helped claim Rs 99.31 crore of ITC via bogus invoices valued at Rs 658.55 crore, with some 58 shell entities across states under scrutiny and coordination with state police for the money-laundering probe. News - Tue, 20 Jan 2026 14:16:03 +0530 https://www.taxtmi.com/news?id=67921