https://www.taxtmi.com/news?id=74710 Prevention of Money Laundering Act proceedings concerned allegations of dubious account transactions by a newspaper publisher and entities linked to its director. Investigative scrutiny alleged substantial cash deposits, closure of accounts after cash deposits, bitcoin purchases from purportedly tainted sources without identifiable business rationale, and inflation of claimed newspaper circulation to obtain higher advertisement revenue. Searches led to seizure of documents and digital devices, while the publishing company's bank accounts were frozen. en-us Wed, 09 Sep 2026 19:46:02 +0530 Wed, 09 Sep 2026 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74710 Prevention of Money Laundering Act proceedings concerned allegations of dubious account transactions by a newspaper publisher and entities linked to its director. Investigative scrutiny alleged substantial cash deposits, closure of accounts after cash deposits, bitcoin purchases from purportedly tainted sources without identifiable business rationale, and inflation of claimed newspaper circulation to obtain higher advertisement revenue. Searches led to seizure of documents and digital devices, while the publishing company's bank accounts were frozen. News - Wed, 09 Sep 2026 19:46:02 +0530 https://www.taxtmi.com/news?id=74710