https://www.taxtmi.com/news?id=58204 Authorities conducted coordinated searches and seizures of high end vehicles and premises linked to owners and intermediaries after preliminary inquiries alleged a syndicate imported luxury cars via neighboring country routes using forged documents and fraudulent RTO registrations, sold them at undervalued prices to high net worth buyers, and routed cross border payments through hawala style channels; the probe is being pursued under the Foreign Exchange Management Act with a criminal money laundering case under the Prevention of Money Laundering Act being prepared, and a court has permitted an application for provisional release of a specific seized vehicle. en-us Wed, 08 Oct 2025 19:46:03 +0530 Wed, 08 Oct 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58204 Authorities conducted coordinated searches and seizures of high end vehicles and premises linked to owners and intermediaries after preliminary inquiries alleged a syndicate imported luxury cars via neighboring country routes using forged documents and fraudulent RTO registrations, sold them at undervalued prices to high net worth buyers, and routed cross border payments through hawala style channels; the probe is being pursued under the Foreign Exchange Management Act with a criminal money laundering case under the Prevention of Money Laundering Act being prepared, and a court has permitted an application for provisional release of a specific seized vehicle. News - Wed, 08 Oct 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=58204