https://www.taxtmi.com/news?id=62276 A prosecution complaint under the Prevention of Money Laundering Act charges 39 entities, including a former cooperative bank chairman and senior bank officials, with a scheme that sanctioned over 100 loans to firms and shell companies in violation of bank procedures, resulting in alleged losses exceeding Rs 500 crore and corresponding illicit gains; arrests have been made and the matter has been lodged before a special court under the Act. en-us Thu, 20 Nov 2025 20:16:03 +0530 Thu, 20 Nov 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62276 A prosecution complaint under the Prevention of Money Laundering Act charges 39 entities, including a former cooperative bank chairman and senior bank officials, with a scheme that sanctioned over 100 loans to firms and shell companies in violation of bank procedures, resulting in alleged losses exceeding Rs 500 crore and corresponding illicit gains; arrests have been made and the matter has been lodged before a special court under the Act. News - Thu, 20 Nov 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=62276