https://www.taxtmi.com/news?id=65252 The Enforcement Directorate provisionally attached immovable properties valued at about Rs 8.07 crore as proceeds of crime under the Prevention of Money Laundering Act after finding remaining proceeds untraced or concealed; the attachment of equivalent value aims to prevent frustration of further PMLA proceedings. The action stems from an FIR alleging diversion of funds from the Karnataka Maharshi Valmiki ST Development Corporation into fake accounts and laundering through shell entities; a named former minister was arrested and later released on bail in connection with the probe. en-us Fri, 19 Dec 2025 13:01:02 +0530 Fri, 19 Dec 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65252 The Enforcement Directorate provisionally attached immovable properties valued at about Rs 8.07 crore as proceeds of crime under the Prevention of Money Laundering Act after finding remaining proceeds untraced or concealed; the attachment of equivalent value aims to prevent frustration of further PMLA proceedings. The action stems from an FIR alleging diversion of funds from the Karnataka Maharshi Valmiki ST Development Corporation into fake accounts and laundering through shell entities; a named former minister was arrested and later released on bail in connection with the probe. News - Fri, 19 Dec 2025 13:01:02 +0530 https://www.taxtmi.com/news?id=65252