https://www.taxtmi.com/news?id=52331 The CBI registered an FIR against Padmaadevi Sugars Limited and associates alleging bank fraud, including fraudulent availing of credit facilities, diversion and siphoning of bank funds to sister and unrelated entities, misappropriation of property, interest free advances, use of shell or benami concerns to conceal end use, cash deposits of suspicious origin during demonetisation, and documentary/digital manipulation amounting to forgery and criminal breach of trust; searches at six Tamil Nadu locations recovered documents and digital evidence relating to diversion of funds. en-us Tue, 12 Aug 2025 20:31:03 +0530 Tue, 12 Aug 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52331 The CBI registered an FIR against Padmaadevi Sugars Limited and associates alleging bank fraud, including fraudulent availing of credit facilities, diversion and siphoning of bank funds to sister and unrelated entities, misappropriation of property, interest free advances, use of shell or benami concerns to conceal end use, cash deposits of suspicious origin during demonetisation, and documentary/digital manipulation amounting to forgery and criminal breach of trust; searches at six Tamil Nadu locations recovered documents and digital evidence relating to diversion of funds. News - Tue, 12 Aug 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=52331