https://www.taxtmi.com/news?id=41367 Enforcement action under anti money laundering law targets a real estate promoter for allegedly diverting home buyers' funds collected for a Noida residential project; promoters purportedly used only part of the collections for construction and siphoned off the rest via fake loans, share premium entries, advance payments and deposits, an audit documented specific diversions, FIRs allege cheating and fraud, and the promoter was arrested as the alleged proceeds were treated as crime proceeds. en-us Fri, 18 Apr 2025 19:01:04 +0530 Fri, 18 Apr 2025 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41367 Enforcement action under anti money laundering law targets a real estate promoter for allegedly diverting home buyers' funds collected for a Noida residential project; promoters purportedly used only part of the collections for construction and siphoned off the rest via fake loans, share premium entries, advance payments and deposits, an audit documented specific diversions, FIRs allege cheating and fraud, and the promoter was arrested as the alleged proceeds were treated as crime proceeds. News - Fri, 18 Apr 2025 19:01:04 +0530 https://www.taxtmi.com/news?id=41367