https://www.taxtmi.com/news?id=71505 Enforcement Directorate searches under the Prevention of Money Laundering Act allege that government deposits at a private bank were diverted instead of being placed in fixed deposits; investigations target business entities, ex-bank officials, beneficiaries and real estate agents accused of providing accommodation entries. The agency alleges proceeds were routed through shell companies, layered through transactions, disguised as gold purchases and real estate investments, with substantial cash withdrawals and an identified absconder. en-us Wed, 11 Mar 2026 18:16:04 +0530 Wed, 11 Mar 2026 18:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71505 Enforcement Directorate searches under the Prevention of Money Laundering Act allege that government deposits at a private bank were diverted instead of being placed in fixed deposits; investigations target business entities, ex-bank officials, beneficiaries and real estate agents accused of providing accommodation entries. The agency alleges proceeds were routed through shell companies, layered through transactions, disguised as gold purchases and real estate investments, with substantial cash withdrawals and an identified absconder. News - Wed, 11 Mar 2026 18:16:04 +0530 https://www.taxtmi.com/news?id=71505