https://www.taxtmi.com/news?id=60509 Multiple provisional orders under the Prevention of Money Laundering Act provisionally attach residential, commercial and land assets linked to a corporate group and associated entities to secure alleged proceeds of money laundering. The agency alleges systematic diversion of bank and public funds through evergreening, transfers to connected parties, investments in third party instruments, use of shell companies and international remittances, and states that concurrent foreign exchange inquiries and searches support ongoing tracing and recovery efforts aimed at restoring losses to lenders under statutory procedures. en-us Mon, 03 Nov 2025 20:31:03 +0530 Mon, 03 Nov 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60509 Multiple provisional orders under the Prevention of Money Laundering Act provisionally attach residential, commercial and land assets linked to a corporate group and associated entities to secure alleged proceeds of money laundering. The agency alleges systematic diversion of bank and public funds through evergreening, transfers to connected parties, investments in third party instruments, use of shell companies and international remittances, and states that concurrent foreign exchange inquiries and searches support ongoing tracing and recovery efforts aimed at restoring losses to lenders under statutory procedures. News - Mon, 03 Nov 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=60509