https://www.taxtmi.com/news?id=66986 Provisional attachment proceedings under the Prevention of Money Laundering Act were initiated against a real estate developer after predicate complaints alleged diversion of advance booking funds and non delivery of promised housing units. The agency attached land parcels valued at about Rs 585 crore, citing collection of large advances across multiple projects, transfers of those receipts to group entities, dishonoured refund cheques, and alterations to project land and amenities as indicia of proceeds of alleged money laundering. en-us Sat, 10 Jan 2026 13:46:03 +0530 Sat, 10 Jan 2026 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66986 Provisional attachment proceedings under the Prevention of Money Laundering Act were initiated against a real estate developer after predicate complaints alleged diversion of advance booking funds and non delivery of promised housing units. The agency attached land parcels valued at about Rs 585 crore, citing collection of large advances across multiple projects, transfers of those receipts to group entities, dishonoured refund cheques, and alterations to project land and amenities as indicia of proceeds of alleged money laundering. News - Sat, 10 Jan 2026 13:46:03 +0530 https://www.taxtmi.com/news?id=66986