https://www.taxtmi.com/news?id=34289 The Enforcement Directorate is investigating alleged money laundering from the unauthorised procurement, diversion and sale of codeine-based cough syrups through multiple commercial entities characterized as shell companies. Searches across jurisdictions yielded seizures of unexplained cash, jewellery and documentary and digital evidence, and located persons absconding in the related narcotics probe. The inquiry focuses on procurement and payment flows, alleged market diversion of product, cancelled licences by drug regulators, and transactional patterns forming the basis for asset-tracing and inter-agency referrals. en-us Mon, 17 Feb 2025 15:31:04 +0530 Mon, 17 Feb 2025 15:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34289 The Enforcement Directorate is investigating alleged money laundering from the unauthorised procurement, diversion and sale of codeine-based cough syrups through multiple commercial entities characterized as shell companies. Searches across jurisdictions yielded seizures of unexplained cash, jewellery and documentary and digital evidence, and located persons absconding in the related narcotics probe. The inquiry focuses on procurement and payment flows, alleged market diversion of product, cancelled licences by drug regulators, and transactional patterns forming the basis for asset-tracing and inter-agency referrals. News - Mon, 17 Feb 2025 15:31:04 +0530 https://www.taxtmi.com/news?id=34289