<h1>Money laundering allegations: diversion of sanctioned bank loan alleged, prompting PMLA investigation and asset identification and attachment.</h1> Allegations describe diversion of sanctioned bank loan proceeds for a purported wind project through shell entities and affiliated companies, with funds layered and transferred to settle existing liabilities; searches uncovered documentary and digital evidence alleged to show layering, sham agreements and asset acquisition, and authorities report identification of assets as proceeds of crime with steps underway for quantification and attachment under the PMLA.