https://www.taxtmi.com/news?id=63653 Approximately Rs 127.98 crore in movable and immovable assets have been confiscated under the Fugitive Economic Offenders Act, vesting the property in the Central Government to facilitate victim restitution. The confiscation follows prior attachments under anti money laundering provisions and a PMLA probe into alleged large scale fraudulent fundraising; digital geo location evidence was used to establish the promoter's overseas presence and wilful evasion, and thousands of restitution claims have been filed. en-us Thu, 04 Dec 2025 20:01:03 +0530 Thu, 04 Dec 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63653 Approximately Rs 127.98 crore in movable and immovable assets have been confiscated under the Fugitive Economic Offenders Act, vesting the property in the Central Government to facilitate victim restitution. The confiscation follows prior attachments under anti money laundering provisions and a PMLA probe into alleged large scale fraudulent fundraising; digital geo location evidence was used to establish the promoter's overseas presence and wilful evasion, and thousands of restitution claims have been filed. News - Thu, 04 Dec 2025 20:01:03 +0530 https://www.taxtmi.com/news?id=63653