https://www.taxtmi.com/news?id=70269 A former resolution professional was arrested under anti-money laundering laws for allegedly diverting funds during his CIRP tenure, channeling payments through intermediaries linked to his business interests back into his personal accounts as proceeds of an earlier alleged bank fraud; investigators say this misuse of the insolvency framework favored promoters and caused large creditor recovery losses, and the RP's registration had been suspended by the IBBI for related contraventions. en-us Fri, 06 Feb 2026 12:31:03 +0530 Fri, 06 Feb 2026 12:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70269 A former resolution professional was arrested under anti-money laundering laws for allegedly diverting funds during his CIRP tenure, channeling payments through intermediaries linked to his business interests back into his personal accounts as proceeds of an earlier alleged bank fraud; investigators say this misuse of the insolvency framework favored promoters and caused large creditor recovery losses, and the RP's registration had been suspended by the IBBI for related contraventions. News - Fri, 06 Feb 2026 12:31:03 +0530 https://www.taxtmi.com/news?id=70269