https://www.taxtmi.com/news?id=71692 Provisional attachment under the Prevention of Money Laundering Act covered assets worth about Rs 34.51 crore, including movable and immovable properties and fixed deposits linked to persons connected with the United Services Club matter. The Enforcement Directorate alleged that club funds were diverted through fake bank accounts opened in the names of genuine vendors, then routed to personal and joint accounts of the accused and associates. The alleged proceeds of crime were used to acquire properties, create fixed deposits, and channel funds through a trust to accounts linked to a chartered accountant and related entities. en-us Mon, 23 Mar 2026 21:31:04 +0530 Mon, 23 Mar 2026 21:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71692 Provisional attachment under the Prevention of Money Laundering Act covered assets worth about Rs 34.51 crore, including movable and immovable properties and fixed deposits linked to persons connected with the United Services Club matter. The Enforcement Directorate alleged that club funds were diverted through fake bank accounts opened in the names of genuine vendors, then routed to personal and joint accounts of the accused and associates. The alleged proceeds of crime were used to acquire properties, create fixed deposits, and channel funds through a trust to accounts linked to a chartered accountant and related entities. News - Mon, 23 Mar 2026 21:31:04 +0530 https://www.taxtmi.com/news?id=71692