https://www.taxtmi.com/news?id=73969 A money-laundering investigation under the Prevention of Money Laundering Act concerns alleged bank-loan fraud involving Santosh Overseas Ltd., its promoters and linked entities. Searches were conducted at premises in Uttar Pradesh, Delhi and Punjab. The investigation, arising from a Central Bureau of Investigation case, alleges diversion and layering of loan funds through shell entities, accommodation-entry operators and related companies by means of purportedly fake invoices and circular financial transactions. en-us Fri, 24 Jul 2026 09:31:02 +0530 Fri, 24 Jul 2026 09:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73969 A money-laundering investigation under the Prevention of Money Laundering Act concerns alleged bank-loan fraud involving Santosh Overseas Ltd., its promoters and linked entities. Searches were conducted at premises in Uttar Pradesh, Delhi and Punjab. The investigation, arising from a Central Bureau of Investigation case, alleges diversion and layering of loan funds through shell entities, accommodation-entry operators and related companies by means of purportedly fake invoices and circular financial transactions. News - Fri, 24 Jul 2026 09:31:02 +0530 https://www.taxtmi.com/news?id=73969