https://www.taxtmi.com/news?id=53218 Alleged money laundering proceedings under the PMLA involve an MLA who, after appearing on a summons in the MSCB probe, was ordered to execute a personal recognizance bond under Section 88 CrPC; his lawyers characterised the Enforcement Directorate's fresh charge sheet as bogus and reserved the right to challenge it. The ED's allegations arise from an FIR about allegedly fraudulent sales of cooperative sugar mills and assert that a SARFAESI era auction was conducted on a very low reserve price based on a questionable valuation, with bidding irregularities and participation by an associate firm. en-us Thu, 21 Aug 2025 20:01:04 +0530 Thu, 21 Aug 2025 20:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53218 Alleged money laundering proceedings under the PMLA involve an MLA who, after appearing on a summons in the MSCB probe, was ordered to execute a personal recognizance bond under Section 88 CrPC; his lawyers characterised the Enforcement Directorate's fresh charge sheet as bogus and reserved the right to challenge it. The ED's allegations arise from an FIR about allegedly fraudulent sales of cooperative sugar mills and assert that a SARFAESI era auction was conducted on a very low reserve price based on a questionable valuation, with bidding irregularities and participation by an associate firm. News - Thu, 21 Aug 2025 20:01:04 +0530 https://www.taxtmi.com/news?id=53218