https://www.taxtmi.com/news?id=49183 The Enforcement Directorate alleges that Unitech Group promoters diverted a substantial portion of funds received from homebuyers and financial institutions into personal uses and benami companies, and filed a prosecution complaint under the PMLA naming promoters and linked entities. The agency alleges a scheme of diversion, layering and laundering involving international transfers through the UAE, the Cayman Islands and Singapore, use of shell and benami entities to repatriate funds, acquisition of assets in nominees' names, and share transactions at inflated values to conceal transfers. en-us Fri, 11 Jul 2025 22:16:03 +0530 Fri, 11 Jul 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49183 The Enforcement Directorate alleges that Unitech Group promoters diverted a substantial portion of funds received from homebuyers and financial institutions into personal uses and benami companies, and filed a prosecution complaint under the PMLA naming promoters and linked entities. The agency alleges a scheme of diversion, layering and laundering involving international transfers through the UAE, the Cayman Islands and Singapore, use of shell and benami entities to repatriate funds, acquisition of assets in nominees' names, and share transactions at inflated values to conceal transfers. News - Fri, 11 Jul 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=49183