https://www.taxtmi.com/news?id=71011 The director allegedly exceeded limited authority to generate and conceal proceeds of crime by diverting company funds through front entities, reselling land to the company at inflated prices, transferring land and TDRs at undervalued rates, executing benami transactions, fabricating MoUs to create bogus possession claims, and facilitating fraudulent allotment of flats, causing over Rs 85 crore wrongful loss; the money laundering probe proceeds under PMLA with the accused produced and arrested during production proceedings. en-us Thu, 12 Feb 2026 20:46:03 +0530 Thu, 12 Feb 2026 20:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71011 The director allegedly exceeded limited authority to generate and conceal proceeds of crime by diverting company funds through front entities, reselling land to the company at inflated prices, transferring land and TDRs at undervalued rates, executing benami transactions, fabricating MoUs to create bogus possession claims, and facilitating fraudulent allotment of flats, causing over Rs 85 crore wrongful loss; the money laundering probe proceeds under PMLA with the accused produced and arrested during production proceedings. News - Thu, 12 Feb 2026 20:46:03 +0530 https://www.taxtmi.com/news?id=71011