https://www.taxtmi.com/news?id=54851 The FIR alleges that old high-denomination notes were used during demonetisation to purchase a sugar factory, resulting in loss to the bank and prompting attachment of the factory under the Benami framework after tax searches seized MoUs and share certificates. The complaint asserts beneficial ownership by a political associate despite the claimed sale, and charges include fraudulent credit availing, diversion and siphoning of funds, transfers to shell or benami entities, interest-free advances, and cash deposits of suspicious origin; the CBI conducted multi-location searches in Tamil Nadu in its investigation. en-us Sat, 06 Sep 2025 19:16:04 +0530 Sat, 06 Sep 2025 19:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54851 The FIR alleges that old high-denomination notes were used during demonetisation to purchase a sugar factory, resulting in loss to the bank and prompting attachment of the factory under the Benami framework after tax searches seized MoUs and share certificates. The complaint asserts beneficial ownership by a political associate despite the claimed sale, and charges include fraudulent credit availing, diversion and siphoning of funds, transfers to shell or benami entities, interest-free advances, and cash deposits of suspicious origin; the CBI conducted multi-location searches in Tamil Nadu in its investigation. News - Sat, 06 Sep 2025 19:16:04 +0530 https://www.taxtmi.com/news?id=54851