https://www.taxtmi.com/news?id=72353 Action under the Prevention of Money Laundering Act was initiated against a Delhi-based real estate company and its former directors, promoters and associated entities in connection with allegations of defrauding homebuyers. Searches were carried out at multiple premises in Delhi and Gurugram in the course of a money-laundering investigation linked to police and fraud-investigation complaints, while the company was stated to have been undergoing corporate insolvency resolution proceedings since 2018. During the searches, cash, jewellery, silver bullion and luxury watches were seized, and the stated allegations include diversion of funds toward land acquisition or shell companies. en-us Sat, 11 Apr 2026 13:46:03 +0530 Sat, 11 Apr 2026 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72353 Action under the Prevention of Money Laundering Act was initiated against a Delhi-based real estate company and its former directors, promoters and associated entities in connection with allegations of defrauding homebuyers. Searches were carried out at multiple premises in Delhi and Gurugram in the course of a money-laundering investigation linked to police and fraud-investigation complaints, while the company was stated to have been undergoing corporate insolvency resolution proceedings since 2018. During the searches, cash, jewellery, silver bullion and luxury watches were seized, and the stated allegations include diversion of funds toward land acquisition or shell companies. News - Sat, 11 Apr 2026 13:46:03 +0530 https://www.taxtmi.com/news?id=72353