https://www.taxtmi.com/news?id=64492 A federal probe under the Prevention of Money Laundering Act targets an alleged illegal codeine based cough syrup trade in Uttar Pradesh, prompting raids at over 25 premises in multiple states. Authorities recovered tens of thousands of CBCS bottles, electronic devices and documents, encountered fake addresses, and estimate illicit proceeds at about Rs 1,000 crore. The investigation, linked to about 30 police FIRs, involves alleged diversion, smuggling of schedule H syrups, multiple custodial actions and tracing of proceeds for asset recovery. en-us Fri, 12 Dec 2025 15:01:03 +0530 Fri, 12 Dec 2025 15:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64492 A federal probe under the Prevention of Money Laundering Act targets an alleged illegal codeine based cough syrup trade in Uttar Pradesh, prompting raids at over 25 premises in multiple states. Authorities recovered tens of thousands of CBCS bottles, electronic devices and documents, encountered fake addresses, and estimate illicit proceeds at about Rs 1,000 crore. The investigation, linked to about 30 police FIRs, involves alleged diversion, smuggling of schedule H syrups, multiple custodial actions and tracing of proceeds for asset recovery. News - Fri, 12 Dec 2025 15:01:03 +0530 https://www.taxtmi.com/news?id=64492