https://www.taxtmi.com/news?id=55189 Money laundering investigations under the PMLA arose from a criminal FIR alleging that a Gurugram power company and its promoters siphoned loan funds from a banking consortium, causing aggregate alleged losses. The company, now under liquidation, was declared an NPA after defaults and later reported as a fraud. A forensic audit alleges diversion via related-party transactions-fictitious job work, unpaid receivables, circular transactions, unrecovered advances and invoices-and conversion of invoked guarantees into funded loans. Coordinated searches were conducted across multiple states as part of the probe. en-us Wed, 10 Sep 2025 13:31:03 +0530 Wed, 10 Sep 2025 13:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=55189 Money laundering investigations under the PMLA arose from a criminal FIR alleging that a Gurugram power company and its promoters siphoned loan funds from a banking consortium, causing aggregate alleged losses. The company, now under liquidation, was declared an NPA after defaults and later reported as a fraud. A forensic audit alleges diversion via related-party transactions-fictitious job work, unpaid receivables, circular transactions, unrecovered advances and invoices-and conversion of invoked guarantees into funded loans. Coordinated searches were conducted across multiple states as part of the probe. News - Wed, 10 Sep 2025 13:31:03 +0530 https://www.taxtmi.com/news?id=55189