https://www.taxtmi.com/news?id=53650 Enforcement Directorate initiated a money laundering probe and conducted searches linked to three brothers and associates after a Mutual Legal Assistance request from South Africa, alleging use of a Dubai-incorporated shell company as a vehicle to launder funds. Investigators targeted persons and corporate entities-including business groups and intermediaries-and identified a key facilitator in Ahmedabad involved in establishing the shell entity to effect concealment and cross-border transfers, aiming to trace beneficial ownership and transactional links across jurisdictions. en-us Tue, 26 Aug 2025 17:31:03 +0530 Tue, 26 Aug 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53650 Enforcement Directorate initiated a money laundering probe and conducted searches linked to three brothers and associates after a Mutual Legal Assistance request from South Africa, alleging use of a Dubai-incorporated shell company as a vehicle to launder funds. Investigators targeted persons and corporate entities-including business groups and intermediaries-and identified a key facilitator in Ahmedabad involved in establishing the shell entity to effect concealment and cross-border transfers, aiming to trace beneficial ownership and transactional links across jurisdictions. News - Tue, 26 Aug 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=53650