https://www.taxtmi.com/news?id=52344 Searches under the Prevention of Money Laundering Act were carried out at nine premises linked to Sahara Group entities; incriminating documents were seized and statements recorded. The investigation, based on multiple FIRs against HICCSL and others, alleges a Ponzi scheme through unregulated deposit mobilisation, coerced re investment of maturity proceeds, book manipulation, creation of benami assets and diversion of funds into land and share transactions. The ED has provisionally attached immovable and movable assets and arrested two individuals, who remain in judicial custody as the PMLA probe continues. en-us Tue, 12 Aug 2025 22:01:04 +0530 Tue, 12 Aug 2025 22:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52344 Searches under the Prevention of Money Laundering Act were carried out at nine premises linked to Sahara Group entities; incriminating documents were seized and statements recorded. The investigation, based on multiple FIRs against HICCSL and others, alleges a Ponzi scheme through unregulated deposit mobilisation, coerced re investment of maturity proceeds, book manipulation, creation of benami assets and diversion of funds into land and share transactions. The ED has provisionally attached immovable and movable assets and arrested two individuals, who remain in judicial custody as the PMLA probe continues. News - Tue, 12 Aug 2025 22:01:04 +0530 https://www.taxtmi.com/news?id=52344