https://www.taxtmi.com/news?id=53158 The Enforcement Directorate's supplementary chargesheet alleges that bank officers and associated parties effected a fraudulent sale of cooperative sugar mill assets after SARFAESI Act possession, using a questionable valuation and a low reserve price that advantaged related bidders, forming the basis for money-laundering and related offences. The accused appeared, executed a provisional release bond, and defence counsel described the chargesheet as bogus while reserving the right to challenge its sufficiency; further hearings are scheduled. en-us Thu, 21 Aug 2025 15:16:03 +0530 Thu, 21 Aug 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53158 The Enforcement Directorate's supplementary chargesheet alleges that bank officers and associated parties effected a fraudulent sale of cooperative sugar mill assets after SARFAESI Act possession, using a questionable valuation and a low reserve price that advantaged related bidders, forming the basis for money-laundering and related offences. The accused appeared, executed a provisional release bond, and defence counsel described the chargesheet as bogus while reserving the right to challenge its sufficiency; further hearings are scheduled. News - Thu, 21 Aug 2025 15:16:03 +0530 https://www.taxtmi.com/news?id=53158