ED Attaches Assets of IPS Officer's Husband in Rs 263 Crore Income Tax Refund Fraud Case

The Enforcement Directorate (ED) in Mumbai has attached assets worth Rs 14.02 crore, including a Malabar Hill flat owned by Purushottam Chavan, husband of an IPS officer, in a Rs 263 crore Income Tax refund fraud case. The fraud involved generating false TDS refunds with proceeds laundered both in India and abroad. Key individuals arrested include former Income Tax Officer Tanaji Mandal Adhikari and others, currently in judicial custody. The ED's ongoing investigation aims to trace and seize illicit assets, reinforcing its commitment to combating financial fraud and money laundering.