https://www.taxtmi.com/news?id=73107 Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced. en-us Mon, 01 Jun 2026 19:46:03 +0530 Mon, 01 Jun 2026 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73107 Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced. News - Mon, 01 Jun 2026 19:46:03 +0530 https://www.taxtmi.com/news?id=73107