ED Uncovers Punjab Fake Billing Scam, Millions Laundered via APMC Accounts

The Enforcement Directorate (ED) has launched a major operation in Punjab, uncovering a substantial fake billing scam. Investigations indicate that a syndicate involved in this operation deliberately targeted Agricultural Produce Market Committee (APMC) accounts for their money laundering activities.

These APMC accounts, managed by state governments, are known to handle significant daily cash transactions, making them a preferred route for illicit financial flows. The ED's action aims to dismantle this network and recover the laundered funds.

The probe has led to the registration of cases against four individuals believed to be key players in the scam. The scale of the financial irregularities suggests a well-organized operation designed to siphon off public money through fraudulent billing practices.