New Delhi. Taking a major action in the Rs 190 crore custom duty fraud and money laundering case, the Enforcement Directorate (ED) has summoned Ebix Inc Chairman Vikas Garg. ED said that Garg has been ordered to appear at the ED office at CJ House in Mumbai on Friday at 10 am. According to the agency, the summons has been issued as part of investigations into aspects of money laundering through import-export documents, financial transactions and alleged custom duty evasion involving Ebix Inc. The ED claims that some businesses linked to the company used false invoices, false valuations and fake declarations to evade custom duties on a large scale, causing a loss of about Rs 190 crore to the government. A statement issued by the ED said, “Yesterday, ED has summoned Vikas Garg, Chairman of Ebix Inc, in a Rs 190 crore custom duty fraud and money laundering case. He has been asked to appear at the ED office at CJ House by 10 am.”
Earlier, ED had raided many places in this case. On November 12, the investigating agency raided the residential and business premises of Vikas Garg, his employees and related people. During this period, objectionable documents related to import-export were recovered. These include fake bills, emails and records. Also, digital devices of the main accused such as laptops, mobile phones and pen drives were seized.
ED claims that this case was being run at the international level through fake companies. The accused would import goods in the name of foreign organizations and take advantage of them by pretending to export them. This not only led to evasion of customs duty but also rigged GST and other taxes.
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