https://www.taxtmi.com/news?id=48528 US arrest followed Indian extradition requests alleging money laundering under the Prevention of Money Laundering Act and criminal conspiracy and related offences under the penal code. The individual is accused of laundering and concealing illicit proceeds through shell companies and overseas transactions, directing nominee directors to hide his involvement, assisting the principal suspect, and participating in destruction of evidence; US prosecutors are opposing bail and pursuing extradition to enable Indian criminal proceedings. en-us Sat, 05 Jul 2025 15:16:02 +0530 Sat, 05 Jul 2025 15:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48528 US arrest followed Indian extradition requests alleging money laundering under the Prevention of Money Laundering Act and criminal conspiracy and related offences under the penal code. The individual is accused of laundering and concealing illicit proceeds through shell companies and overseas transactions, directing nominee directors to hide his involvement, assisting the principal suspect, and participating in destruction of evidence; US prosecutors are opposing bail and pursuing extradition to enable Indian criminal proceedings. News - Sat, 05 Jul 2025 15:16:02 +0530 https://www.taxtmi.com/news?id=48528