https://www.taxtmi.com/news?id=31158 A Special PMLA court declared a Dubai based individual a fugitive economic offender in the ED's HPZ Token money laundering investigation, following his failure to appear and a non bailable warrant; this declaration enables the agency to seek confiscation of assets attached. The ED alleges investors were duped by promises of high returns, funds were diverted via shell companies and merchant accounts, layered and sent abroad through hawala, and that proceeds unearthed so far total about two thousand two hundred crore rupees. en-us Wed, 22 Jan 2025 22:16:03 +0530 Wed, 22 Jan 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31158 A Special PMLA court declared a Dubai based individual a fugitive economic offender in the ED's HPZ Token money laundering investigation, following his failure to appear and a non bailable warrant; this declaration enables the agency to seek confiscation of assets attached. The ED alleges investors were duped by promises of high returns, funds were diverted via shell companies and merchant accounts, layered and sent abroad through hawala, and that proceeds unearthed so far total about two thousand two hundred crore rupees. News - Wed, 22 Jan 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=31158