https://www.taxtmi.com/news?id=74056 Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders. en-us Thu, 30 Jul 2026 21:31:02 +0530 Thu, 30 Jul 2026 21:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74056 Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders. News - Thu, 30 Jul 2026 21:31:02 +0530 https://www.taxtmi.com/news?id=74056