https://www.taxtmi.com/news?id=32846 Investigation under the PMLA alleges a Chennai power company obtained a loan based on coal block allocation and transferred a substantial portion of those funds to a foreign entity controlled by the company to purchase over valued plant and machinery, with share issuances at premium to foreign investors and opaque valuation practices; authorities froze financial instruments and seized property documents as part of the probe. en-us Tue, 04 Feb 2025 17:01:03 +0530 Tue, 04 Feb 2025 17:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32846 Investigation under the PMLA alleges a Chennai power company obtained a loan based on coal block allocation and transferred a substantial portion of those funds to a foreign entity controlled by the company to purchase over valued plant and machinery, with share issuances at premium to foreign investors and opaque valuation practices; authorities froze financial instruments and seized property documents as part of the probe. News - Tue, 04 Feb 2025 17:01:03 +0530 https://www.taxtmi.com/news?id=32846