New Delhi, Dec. 24 -- The Enforcement Directorate (ED), Chandigarh Zonal Office, said on Wednesday that it has attached 37 immovable properties worth Rs 17.16 crore belonging to Padam Bansal, Mahesh Bansal, and their family members, in connection with a case of large-scale VAT fraud involving the Excise & Taxation Department, Sirsa.
The ED initiated a PMLA investigation based on FIRs registered in Sirsa District by Haryana Police under various Sections of the IPC, 1860. It was alleged that various firms had claimed VAT refunds from the Excise & Taxation Department, Sirsa, using bogus C-Forms.
The ED investigation under PMLA revealed that a syndicate led by Mahesh Bansal and Padam Bansal, along with their associates, incorporated firms in ...