https://www.taxtmi.com/news?id=73469 Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital. en-us Sun, 21 Jun 2026 11:46:02 +0530 Sun, 21 Jun 2026 11:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73469 Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital. News - Sun, 21 Jun 2026 11:46:02 +0530 https://www.taxtmi.com/news?id=73469