https://www.taxtmi.com/news?id=35084 An investigation and arrest were made in relation to an alleged unregulated deposit scheme that solicited investor funds with promises of doubling returns; the accused is said to have used multiple companies to collect deposits, represented reinvestment in real estate and technology ventures, and received funds from investors across several districts. Proceedings have been initiated under penal provisions and the Banning of Unregulated Deposit Schemes Act, and authorities report seizure of electronic devices, bank documents and travel papers while investigating the flow of deposits and the corporate structures used. en-us Mon, 24 Feb 2025 17:31:04 +0530 Mon, 24 Feb 2025 17:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35084 An investigation and arrest were made in relation to an alleged unregulated deposit scheme that solicited investor funds with promises of doubling returns; the accused is said to have used multiple companies to collect deposits, represented reinvestment in real estate and technology ventures, and received funds from investors across several districts. Proceedings have been initiated under penal provisions and the Banning of Unregulated Deposit Schemes Act, and authorities report seizure of electronic devices, bank documents and travel papers while investigating the flow of deposits and the corporate structures used. News - Mon, 24 Feb 2025 17:31:04 +0530 https://www.taxtmi.com/news?id=35084