https://www.taxtmi.com/news?id=40100 Enforcement Directorate arrested a former MLA and a company official under the Prevention of Money Laundering Act in a probe arising from a CBI FIR alleging that the company and its promoters obtained and failed to repay consortium bank credit facilities, with funds grossly diverted and misappropriated in violation of banking norms; the ED carried out searches and attached company assets and produced the accused before a special PMLA court where custodial remand is being sought. en-us Mon, 07 Apr 2025 21:46:03 +0530 Mon, 07 Apr 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40100 Enforcement Directorate arrested a former MLA and a company official under the Prevention of Money Laundering Act in a probe arising from a CBI FIR alleging that the company and its promoters obtained and failed to repay consortium bank credit facilities, with funds grossly diverted and misappropriated in violation of banking norms; the ED carried out searches and attached company assets and produced the accused before a special PMLA court where custodial remand is being sought. News - Mon, 07 Apr 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=40100