https://www.taxtmi.com/news?id=73650 Enforcement Directorate auctioned a seized business aircraft in a money-laundering investigation arising from alleged investor fraud through a Ponzi scheme. The aircraft was sold after the agency sought permission to dispose of the property under the Prevention of Money Laundering framework and the adjudicating authority allowed the auction. The sale proceeds are stated to be available for restitution to genuine investors in accordance with the Prevention of Money Laundering Act, subject to leave of the Special Court. en-us Fri, 03 Jul 2026 17:31:02 +0530 Fri, 03 Jul 2026 17:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73650 Enforcement Directorate auctioned a seized business aircraft in a money-laundering investigation arising from alleged investor fraud through a Ponzi scheme. The aircraft was sold after the agency sought permission to dispose of the property under the Prevention of Money Laundering framework and the adjudicating authority allowed the auction. The sale proceeds are stated to be available for restitution to genuine investors in accordance with the Prevention of Money Laundering Act, subject to leave of the Special Court. News - Fri, 03 Jul 2026 17:31:02 +0530 https://www.taxtmi.com/news?id=73650