https://www.taxtmi.com/news?id=36450 Provisional attachment of movable and immovable assets and freezing of several bank accounts have been effected under money laundering laws in connection with an alleged large scale misappropriation from a state bank by a former general manager. Authorities allege diversion of funds through a fictitious beneficiary account, manipulation of transaction records with public sector banks, and subsequent transfer of misappropriated amounts into personal accounts. Searches recovered documents on property purchases and the investigation, following an FIR, remains ongoing as enforcement authorities trace proceeds and gather evidence. en-us Fri, 07 Mar 2025 10:16:03 +0530 Fri, 07 Mar 2025 10:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36450 Provisional attachment of movable and immovable assets and freezing of several bank accounts have been effected under money laundering laws in connection with an alleged large scale misappropriation from a state bank by a former general manager. Authorities allege diversion of funds through a fictitious beneficiary account, manipulation of transaction records with public sector banks, and subsequent transfer of misappropriated amounts into personal accounts. Searches recovered documents on property purchases and the investigation, following an FIR, remains ongoing as enforcement authorities trace proceeds and gather evidence. News - Fri, 07 Mar 2025 10:16:03 +0530 https://www.taxtmi.com/news?id=36450