The Enforcement Directorate (ED) on Friday carried out searches at around 16 locations in Sangli district, including the premises of Rajarambapu Sahakari Bank, as part of its probe related to alleged dubious sales tax refunds procured by a few private firms around 12 years ago.
The agency’s preliminary probe has estimated that the extent of the dubious Value-added Tax (VAT) refunds withdrawn by the suspected firms could be between ₹250 and 1,000 crore, the officials said.
Source: www.hindustantimes.com
