https://www.taxtmi.com/news?id=44756 A provisional attachment order under the Prevention of Money Laundering Act was issued against properties linked to two former KBDC officials after an ED probe. The agency alleges loans and assistance were sanctioned to hundreds of fraudulent beneficiaries, with sanctioned amounts diverted to entities and accounts controlled by the accused and used to acquire assets and meet personal expenses. The officials were arrested earlier and are in judicial custody; the ED's action follows multiple police FIRs alleging misuse and diversion of KBDC funds. en-us Mon, 26 May 2025 17:01:04 +0530 Mon, 26 May 2025 17:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44756 A provisional attachment order under the Prevention of Money Laundering Act was issued against properties linked to two former KBDC officials after an ED probe. The agency alleges loans and assistance were sanctioned to hundreds of fraudulent beneficiaries, with sanctioned amounts diverted to entities and accounts controlled by the accused and used to acquire assets and meet personal expenses. The officials were arrested earlier and are in judicial custody; the ED's action follows multiple police FIRs alleging misuse and diversion of KBDC funds. News - Mon, 26 May 2025 17:01:04 +0530 https://www.taxtmi.com/news?id=44756