https://www.taxtmi.com/news?id=41566 Allegations assert the Enforcement Directorate abused power and lacks jurisdiction under the PMLA because no proceeds of crime arose from AJL-Young Indian transactions; conversion of an irrecoverable loan into equity is framed as a legitimate corporate measure. The summary notes contested asset valuation, AJL's mix of leasehold and one freehold property, Young Indian's non profit status with no distributions to shareholders or directors, and records that the ED has filed a chargesheet under the PMLA naming principal accused in the National Herald matter. en-us Mon, 21 Apr 2025 19:31:04 +0530 Mon, 21 Apr 2025 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41566 Allegations assert the Enforcement Directorate abused power and lacks jurisdiction under the PMLA because no proceeds of crime arose from AJL-Young Indian transactions; conversion of an irrecoverable loan into equity is framed as a legitimate corporate measure. The summary notes contested asset valuation, AJL's mix of leasehold and one freehold property, Young Indian's non profit status with no distributions to shareholders or directors, and records that the ED has filed a chargesheet under the PMLA naming principal accused in the National Herald matter. News - Mon, 21 Apr 2025 19:31:04 +0530 https://www.taxtmi.com/news?id=41566