https://www.taxtmi.com/news?id=40393 Allegations state a corporate group and its directors raised unauthorised public deposits by labelling receipts as share capital or advances, employed nominee directors/shareholders to disguise use of funds, and diverted investor monies into immovable property. This conduct forms the predicate for a criminal money laundering prosecution under the Prevention of Money Laundering Act, with company principals arrested and provisional attachment of purported proceeds effected pending further enforcement action. en-us Wed, 09 Apr 2025 20:16:03 +0530 Wed, 09 Apr 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40393 Allegations state a corporate group and its directors raised unauthorised public deposits by labelling receipts as share capital or advances, employed nominee directors/shareholders to disguise use of funds, and diverted investor monies into immovable property. This conduct forms the predicate for a criminal money laundering prosecution under the Prevention of Money Laundering Act, with company principals arrested and provisional attachment of purported proceeds effected pending further enforcement action. News - Wed, 09 Apr 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=40393