https://www.taxtmi.com/news?id=53352 Provisional attachment under the Prevention of Money Laundering Act was applied to immovable properties identified as proceeds potentially derived from unlawful diversion of loan funds. The enforcement inquiry found that sanctioned loan amounts were diverted through bogus entities and separate accounts, cash withdrawals from loan accounts, and covert removal and sale of factory assets. The attachments secure factory land, buildings, and residential properties linked to company directors and relatives while statutory investigation under PMLA proceeds. en-us Fri, 22 Aug 2025 22:16:03 +0530 Fri, 22 Aug 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53352 Provisional attachment under the Prevention of Money Laundering Act was applied to immovable properties identified as proceeds potentially derived from unlawful diversion of loan funds. The enforcement inquiry found that sanctioned loan amounts were diverted through bogus entities and separate accounts, cash withdrawals from loan accounts, and covert removal and sale of factory assets. The attachments secure factory land, buildings, and residential properties linked to company directors and relatives while statutory investigation under PMLA proceeds. News - Fri, 22 Aug 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=53352