https://www.taxtmi.com/news?id=40435 The federal agency arrested the former cooperative bank chairman under the Prevention of Money Laundering Act (PMLA), alleging that branch staff opened fraudulent gold loan accounts using fabricated documents, diverted funds which constituted proceeds of crime, and laundered those proceeds to the accused, who is alleged to have acquired assets disproportionate to known income; the accused was remanded to custody for further enforcement action. en-us Thu, 10 Apr 2025 00:16:03 +0530 Thu, 10 Apr 2025 00:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40435 The federal agency arrested the former cooperative bank chairman under the Prevention of Money Laundering Act (PMLA), alleging that branch staff opened fraudulent gold loan accounts using fabricated documents, diverted funds which constituted proceeds of crime, and laundered those proceeds to the accused, who is alleged to have acquired assets disproportionate to known income; the accused was remanded to custody for further enforcement action. News - Thu, 10 Apr 2025 00:16:03 +0530 https://www.taxtmi.com/news?id=40435