The Enforcement Directorate’s investigation into the donations PFI received in 2018-19 revealed attempts to project suspicious bank transfers and receipts as legitimate credits. The income tax department cancelled PFI’s registration after finding that sources of deposits in its various bank accounts did not match the financial profiles of account holders. PFI allegedly collected funds through a deep network in Gulf countries and the agency suspects it was conspiring and raising funds within India and abroad through banking channels, hawala, and donations. The Centre had proscribed PFI as an unlawful association.
PFI attempted to pass off suspicious donations as legitimate, claims ED
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