https://www.taxtmi.com/news?id=56374 Searches under the Foreign Exchange Management Act targeted promoters and related entities in a probe of alleged undisclosed foreign assets, resulting in seizure of financial records, foreign bank passbooks, cash and freezing of lockers. Authorities allege beneficial ownership of interests in foreign companies and assets across multiple jurisdictions, an aircraft import financed by an overseas loan, ownership of a foreign villa, and receipt of part sale consideration in cash; incriminating records were seized for further examination. en-us Sun, 21 Sep 2025 18:01:02 +0530 Sun, 21 Sep 2025 18:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56374 Searches under the Foreign Exchange Management Act targeted promoters and related entities in a probe of alleged undisclosed foreign assets, resulting in seizure of financial records, foreign bank passbooks, cash and freezing of lockers. Authorities allege beneficial ownership of interests in foreign companies and assets across multiple jurisdictions, an aircraft import financed by an overseas loan, ownership of a foreign villa, and receipt of part sale consideration in cash; incriminating records were seized for further examination. News - Sun, 21 Sep 2025 18:01:02 +0530 https://www.taxtmi.com/news?id=56374