https://www.taxtmi.com/news?id=62153 The Enforcement Directorate alleges the developer of Krrish Florence Estate fraudulently obtained a licence and collected buyer funds prior to DTCP approval, generating alleged proceeds of crime of about Rs 300 crore; the stalled project prompted insolvency proceedings, during which funds and 2 acres of licensed land were allegedly diverted or alienated at undervalued rates and significant bank loans were diverted causing an estimated Rs 80 crore loss, leading to arrest under the Prevention of Money Laundering Act. en-us Wed, 19 Nov 2025 22:01:03 +0530 Wed, 19 Nov 2025 22:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62153 The Enforcement Directorate alleges the developer of Krrish Florence Estate fraudulently obtained a licence and collected buyer funds prior to DTCP approval, generating alleged proceeds of crime of about Rs 300 crore; the stalled project prompted insolvency proceedings, during which funds and 2 acres of licensed land were allegedly diverted or alienated at undervalued rates and significant bank loans were diverted causing an estimated Rs 80 crore loss, leading to arrest under the Prevention of Money Laundering Act. News - Wed, 19 Nov 2025 22:01:03 +0530 https://www.taxtmi.com/news?id=62153