https://www.taxtmi.com/news?id=73751 Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act. en-us Sat, 11 Jul 2026 16:16:03 +0530 Sat, 11 Jul 2026 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73751 Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act. News - Sat, 11 Jul 2026 16:16:03 +0530 https://www.taxtmi.com/news?id=73751