New Delhi, March 8 (IANS) In a significant move to restore the Proceeds of Crime (POC) to rightful claimants, the Enforcement Directorate (ED), Delhi Zonal Office has successfully restituted property valued at Rs 13.58 crore to victims of the offence of money laundering and rightful claimants in the case of Kamal Kalra, former HDFC Bank … Read more
Hyderabad, Feb 24 (IANS) The Enforcement Directorate’s Hyderabad Zonal Office has successfully accomplished the process of restitution of attached properties worth about Rs 3,339 crore to the victims of Ponzi schemes launched by the Agri Gold group of companies. The value of properties at the time of attachment was about Rs.3,339 crore and the present … Read more
New Delhi, Feb 15 (IANS) A Special Hyderabad court has allowed the ED to hand over properties worth Rs 30.71 crore to the State Bank of India in connection with a money laundering case against Sheetal Refineries Limited. Apart from causing a loss of Rs 136.29 crore to the SBI, the company caused a loss … Read more
Hyderabad, Feb 11 (IANS) The Enforcement Directorate (ED), Hyderabad Zonal Office, has successfully restored properties worth Rs 79.20 crore to the State Bank of India in connection with a money laundering case against Musaddilal Jewellers and others. Based on ED’s initiative, the State Bank of India (SBI) filed restitution applications under Section 8(8) of the … Read more