https://www.taxtmi.com/news?id=60496 Allegations concern an alleged money laundering scheme by Platinum Hern Private Limited (Torres Jewellery) involving Rs 177 crore obtained from customers and routed through hawala operators into USDT cryptocurrency. The enforcement agency alleges one accused collected proceeds and absconded, two Ukrainians acted as architects converting unaccounted cash into cryptocurrency and providing illicit capital, and a dominant foreign director exercised control over operations and finances. A special court issued non-bailable warrants against four accused due to alleged evasion and the seriousness of the economic offence to enable effective investigation and trial. en-us Mon, 03 Nov 2025 18:46:03 +0530 Mon, 03 Nov 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60496 Allegations concern an alleged money laundering scheme by Platinum Hern Private Limited (Torres Jewellery) involving Rs 177 crore obtained from customers and routed through hawala operators into USDT cryptocurrency. The enforcement agency alleges one accused collected proceeds and absconded, two Ukrainians acted as architects converting unaccounted cash into cryptocurrency and providing illicit capital, and a dominant foreign director exercised control over operations and finances. A special court issued non-bailable warrants against four accused due to alleged evasion and the seriousness of the economic offence to enable effective investigation and trial. News - Mon, 03 Nov 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=60496