https://www.taxtmi.com/news?id=66374 An alleged advance-fee lending scheme induced a garment company owner to provide bank statements and transfer Rs 4.70 crore after financiers promised a Rs 40 crore loan at 6% interest; perpetrators had earlier returned Rs 2.25 crore to build trust. The Economic Offences Wing investigated, arrested a suspect in Kompally, and reports that the arrested individual admitted working with organizers and received a share of the defrauded funds. en-us Fri, 02 Jan 2026 20:46:04 +0530 Fri, 02 Jan 2026 20:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66374 An alleged advance-fee lending scheme induced a garment company owner to provide bank statements and transfer Rs 4.70 crore after financiers promised a Rs 40 crore loan at 6% interest; perpetrators had earlier returned Rs 2.25 crore to build trust. The Economic Offences Wing investigated, arrested a suspect in Kompally, and reports that the arrested individual admitted working with organizers and received a share of the defrauded funds. News - Fri, 02 Jan 2026 20:46:04 +0530 https://www.taxtmi.com/news?id=66374