https://www.taxtmi.com/news?id=30604 Charges were framed alleging that the promoters conspired to divert funds by influencing the parent lending company to make unsecured loans to related or shell entities, using a network of promoter-linked companies and hindsight documentation; the court found investigative reports and witness statements supported a conclusion of a common dishonest design constituting criminal conspiracy and cheating, and separate money laundering proceedings were initiated in connection with those alleged scheduled offences. en-us Fri, 17 Jan 2025 18:01:03 +0530 Fri, 17 Jan 2025 18:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30604 Charges were framed alleging that the promoters conspired to divert funds by influencing the parent lending company to make unsecured loans to related or shell entities, using a network of promoter-linked companies and hindsight documentation; the court found investigative reports and witness statements supported a conclusion of a common dishonest design constituting criminal conspiracy and cheating, and separate money laundering proceedings were initiated in connection with those alleged scheduled offences. News - Fri, 17 Jan 2025 18:01:03 +0530 https://www.taxtmi.com/news?id=30604