https://www.taxtmi.com/news?id=48185 Convicted former deputy defence minister received imprisonment, a monetary fine, and forfeiture of seized cash, while extensive movable and immovable property remains attached. Proceedings were partly held in camera due to classified information; the defendant denies the charges and intends to appeal. Investigators describe organised schemes involving diversion of defence procurement funds, laundering through chains of companies and fictitious consulting agreements, contrived currency transactions to misappropriate bank funds, and separate bribery allegations tied to patronage and free construction works, with further investigations ongoing. en-us Tue, 01 Jul 2025 21:01:03 +0530 Tue, 01 Jul 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48185 Convicted former deputy defence minister received imprisonment, a monetary fine, and forfeiture of seized cash, while extensive movable and immovable property remains attached. Proceedings were partly held in camera due to classified information; the defendant denies the charges and intends to appeal. Investigators describe organised schemes involving diversion of defence procurement funds, laundering through chains of companies and fictitious consulting agreements, contrived currency transactions to misappropriate bank funds, and separate bribery allegations tied to patronage and free construction works, with further investigations ongoing. News - Tue, 01 Jul 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=48185