https://www.taxtmi.com/news?id=73707 Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions. en-us Wed, 08 Jul 2026 17:46:04 +0530 Wed, 08 Jul 2026 17:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73707 Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions. News - Wed, 08 Jul 2026 17:46:04 +0530 https://www.taxtmi.com/news?id=73707