TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>ED arrests ex-MP and two bank officials over alleged cooperative bank loan fraud, Rs 500cr scheme under PMLA</h1> The Enforcement Directorate arrested a former Member of Parliament and two former bank officials in connection with an alleged cooperative bank loan fraud and remanded them to ED custody for eight days under the Prevention of Money Laundering Act. ED alleges a conspiracy that fraudulently sanctioned loans exceeding Rs 500 crore through over 100 shell-company accounts, with about Rs 230 crore allegedly siphoned to benefit the ex-MP and close associates, including bank management, in exchange for roughly 5% commissions routed via cash and shell accounts. Ongoing probes include searches at multiple premises, forensic examinations and witness summonses as ED continues its parallel investigation.
TaxTMI 
TaxTMI 
