ED, Patna has provisionally attached movable and immovable properties worth Rs.1.66 Crore (approx.) under the PMLA, 2002 in connection with Kotak Mahindra Bank fraud case. https://www.taxtmi.com/news?id=29464 Provisional attachment under the Prevention of Money Laundering Act was made after ED investigation, which traced transfers from government accounts to accused persons and shell entities, identified bank balances and agricultural land alleged to be proceeds of crime, and attached corresponding funds and properties; searches, seizures, arrests and filing of prosecution complaints have occurred, and investigation is ongoing. en-us Sat, 04 Jan 2025 12:25:36 +0530 Sat, 04 Jan 2025 12:27:00 +0530 TaxTMI RSS Generator ED, Patna has provisionally attached movable and immovable properties worth Rs.1.66 Crore (approx.) under the PMLA, 2002 in connection with Kotak Mahindra Bank fraud case. https://www.taxtmi.com/news?id=29464 Provisional attachment under the Prevention of Money Laundering Act was made after ED investigation, which traced transfers from government accounts to accused persons and shell entities, identified bank balances and agricultural land alleged to be proceeds of crime, and attached corresponding funds and properties; searches, seizures, arrests and filing of prosecution complaints have occurred, and investigation is ongoing. News - Sat, 04 Jan 2025 12:25:36 +0530 https://www.taxtmi.com/news?id=29464