https://www.taxtmi.com/news?id=74147 A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs. en-us Wed, 05 Aug 2026 15:46:03 +0530 Wed, 05 Aug 2026 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74147 A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs. News - Wed, 05 Aug 2026 15:46:03 +0530 https://www.taxtmi.com/news?id=74147