https://www.taxtmi.com/news?id=51532 Enforcement Directorate action under the Prevention of Money Laundering Act targets alleged diversion and layering of bank loans across group companies, including claims of back dated approvals, inadequate due diligence, lending to related or weak entities, and use of shell companies. The enquiry relies on CBI FIRs and regulatory reports and probes related party non disclosure, inter corporate deposits used to move funds to an undisclosed entity, potential quid pro quo investments, and possible undisclosed foreign accounts and assets. en-us Tue, 05 Aug 2025 11:16:03 +0530 Tue, 05 Aug 2025 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51532 Enforcement Directorate action under the Prevention of Money Laundering Act targets alleged diversion and layering of bank loans across group companies, including claims of back dated approvals, inadequate due diligence, lending to related or weak entities, and use of shell companies. The enquiry relies on CBI FIRs and regulatory reports and probes related party non disclosure, inter corporate deposits used to move funds to an undisclosed entity, potential quid pro quo investments, and possible undisclosed foreign accounts and assets. News - Tue, 05 Aug 2025 11:16:03 +0530 https://www.taxtmi.com/news?id=51532