BPSL CMD diverted funds to arrange tax-free income: ED
New Delhi, Jan. 19 -- Sanjay Singal-led Bhushan Power and Steel Ltd allegedly used a large number of people operating shell companies to provide accommodation entries - the process of layering and breaking large amounts into smaller sums to avoid suspicion - and for arranging tax-free income in the form of long term capital gains (LTCG), according to the Enforcement Directorate....
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