https://www.taxtmi.com/news?id=33285 Searches under Foreign Exchange Management Act powers targeted an entertainment group in an investigation into alleged fund diversion and cross-border foreign exchange violations; authorities seized documents, overseas account records and digital devices suggesting content advances paid to certain entities were later written off and allegedly diverted or round tripped back to the company using purported movie rights transactions to conceal the transfers. en-us Fri, 07 Feb 2025 18:46:03 +0530 Fri, 07 Feb 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33285 Searches under Foreign Exchange Management Act powers targeted an entertainment group in an investigation into alleged fund diversion and cross-border foreign exchange violations; authorities seized documents, overseas account records and digital devices suggesting content advances paid to certain entities were later written off and allegedly diverted or round tripped back to the company using purported movie rights transactions to conceal the transfers. News - Fri, 07 Feb 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=33285