https://www.taxtmi.com/news?id=30501 Alleged money laundering linked to an alleged bank loan fraud led to a provisional attachment under the Prevention of Money Laundering Act of residential and plot properties in Delhi, Haryana and Punjab. The agency alleges former promoters used implanted or dummy companies, with nominal directors drawn from personal staff, to siphon bank funds by inflating sales and debtors, executing sham trades without physical deliveries, and layering diverted funds to conceal their origin. en-us Thu, 16 Jan 2025 21:01:03 +0530 Thu, 16 Jan 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30501 Alleged money laundering linked to an alleged bank loan fraud led to a provisional attachment under the Prevention of Money Laundering Act of residential and plot properties in Delhi, Haryana and Punjab. The agency alleges former promoters used implanted or dummy companies, with nominal directors drawn from personal staff, to siphon bank funds by inflating sales and debtors, executing sham trades without physical deliveries, and layering diverted funds to conceal their origin. News - Thu, 16 Jan 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=30501