https://www.taxtmi.com/news?id=52464 Arrest under the Prevention of Money Laundering Act arose from an alleged scheme in which a cosmetology business website is claimed to have been a front for laundering proceeds through misrepresentation and soliciting funds; searches yielded incriminating documents and witness statements. Investigators are also probing alleged links between the accused and a corporate executive and examining loan disbursements and terms that the agency describes as violating prudent lending and due diligence norms and possibly diverted for personal benefit, while the executive denies any connection. en-us Wed, 13 Aug 2025 22:31:04 +0530 Wed, 13 Aug 2025 22:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52464 Arrest under the Prevention of Money Laundering Act arose from an alleged scheme in which a cosmetology business website is claimed to have been a front for laundering proceeds through misrepresentation and soliciting funds; searches yielded incriminating documents and witness statements. Investigators are also probing alleged links between the accused and a corporate executive and examining loan disbursements and terms that the agency describes as violating prudent lending and due diligence norms and possibly diverted for personal benefit, while the executive denies any connection. News - Wed, 13 Aug 2025 22:31:04 +0530 https://www.taxtmi.com/news?id=52464