https://www.taxtmi.com/news?id=40221 Two individuals, including a political leader and his company's managing director, were arrested and remanded to ED custody in a PMLA case alleging diversion and misappropriation of bank funds through shell companies, interest free loans and benami transfers; searches recovered incriminating documents. The money laundering probe stems from a CBI FIR alleging an alleged bank loan fraud against a consortium of banks between 2012 and 2016, with relatives implicated as directors, shareholders or guarantors and parallel investigative steps taken under PMLA. en-us Tue, 08 Apr 2025 20:46:03 +0530 Tue, 08 Apr 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40221 Two individuals, including a political leader and his company's managing director, were arrested and remanded to ED custody in a PMLA case alleging diversion and misappropriation of bank funds through shell companies, interest free loans and benami transfers; searches recovered incriminating documents. The money laundering probe stems from a CBI FIR alleging an alleged bank loan fraud against a consortium of banks between 2012 and 2016, with relatives implicated as directors, shareholders or guarantors and parallel investigative steps taken under PMLA. News - Tue, 08 Apr 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=40221