https://www.taxtmi.com/news?id=49230 The Enforcement Directorate named an MLA as an accused in a money laundering probe alleging that a cooperative bank's auction of a sugar mill-conducted under the SARFAESI process-involved a low reserve price, a disputed valuation, and the disqualification of a higher bidder, enabling purchase by a company linked to the MLA; the chargesheet asserts these auction irregularities form the money laundering predicate. The MLA denies wrongdoing, describes the acquisition as resulting from an administrator floated tender, says he cooperated with ED questioning, and will contest the charges now placed before the judiciary. en-us Sat, 12 Jul 2025 18:01:09 +0530 Sat, 12 Jul 2025 18:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49230 The Enforcement Directorate named an MLA as an accused in a money laundering probe alleging that a cooperative bank's auction of a sugar mill-conducted under the SARFAESI process-involved a low reserve price, a disputed valuation, and the disqualification of a higher bidder, enabling purchase by a company linked to the MLA; the chargesheet asserts these auction irregularities form the money laundering predicate. The MLA denies wrongdoing, describes the acquisition as resulting from an administrator floated tender, says he cooperated with ED questioning, and will contest the charges now placed before the judiciary. News - Sat, 12 Jul 2025 18:01:09 +0530 https://www.taxtmi.com/news?id=49230