https://www.taxtmi.com/news?id=58495 An enforcement agency arrested a corporate CFO in connection with alleged money laundering arising from a purportedly fake bank guarantee submitted for a group subsidiary. Investigations, initiated by a police FIR, uncovered an intermediary company allegedly issuing counterfeit guarantees for commission, use of an email domain resembling a major bank to send forged communications, multiple undisclosed bank accounts with suspicious transactions, and a paper entity registered at a residential address. The agency is seeking custodial remand for interrogation while the corporate group has lodged a criminal complaint and disclosed the matter to regulators. en-us Sat, 11 Oct 2025 10:01:04 +0530 Sat, 11 Oct 2025 10:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58495 An enforcement agency arrested a corporate CFO in connection with alleged money laundering arising from a purportedly fake bank guarantee submitted for a group subsidiary. Investigations, initiated by a police FIR, uncovered an intermediary company allegedly issuing counterfeit guarantees for commission, use of an email domain resembling a major bank to send forged communications, multiple undisclosed bank accounts with suspicious transactions, and a paper entity registered at a residential address. The agency is seeking custodial remand for interrogation while the corporate group has lodged a criminal complaint and disclosed the matter to regulators. News - Sat, 11 Oct 2025 10:01:04 +0530 https://www.taxtmi.com/news?id=58495