https://www.taxtmi.com/news?id=49863 Court takes cognisance of a chargesheet alleging that the Kannad SSK auction was marred by fraudulent practices, including undervaluation, suspect reserve pricing and a pre-arranged bidding scheme that led to acquisition by a related company. Prima facie material indicates the accused knowingly participated in acquisition, possession and use of proceeds of crime, attracting offences under the Prevention of Money Laundering Act; the court issues summons on that basis. en-us Fri, 18 Jul 2025 20:16:03 +0530 Fri, 18 Jul 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49863 Court takes cognisance of a chargesheet alleging that the Kannad SSK auction was marred by fraudulent practices, including undervaluation, suspect reserve pricing and a pre-arranged bidding scheme that led to acquisition by a related company. Prima facie material indicates the accused knowingly participated in acquisition, possession and use of proceeds of crime, attracting offences under the Prevention of Money Laundering Act; the court issues summons on that basis. News - Fri, 18 Jul 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=49863