https://www.taxtmi.com/news?id=44080 The scheme used genuine identities to register front companies and obtain valid registrations, enabling issuance of fake invoices, operation of bank accounts in the sham firms' names, and routing funds through hawala-style transfers and cash withdrawals without real commercial activity. A victim lodged an FIR under the Bharatiya Nyay Samhita, prompting an investigation that identified firms, traced substantial transaction flows, led to multiple arrests, and initiated steps to trace financial trails, freeze implicated accounts and search for accomplices in banking or administrative systems. en-us Mon, 19 May 2025 18:01:04 +0530 Mon, 19 May 2025 18:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44080 The scheme used genuine identities to register front companies and obtain valid registrations, enabling issuance of fake invoices, operation of bank accounts in the sham firms' names, and routing funds through hawala-style transfers and cash withdrawals without real commercial activity. A victim lodged an FIR under the Bharatiya Nyay Samhita, prompting an investigation that identified firms, traced substantial transaction flows, led to multiple arrests, and initiated steps to trace financial trails, freeze implicated accounts and search for accomplices in banking or administrative systems. News - Mon, 19 May 2025 18:01:04 +0530 https://www.taxtmi.com/news?id=44080