ED has attached proceeds of crime worth Rs 64,920 cr in bank fraud cases: FM

ED Restores ₹15,000 Crore Assets in PACL Scam to Refund Investors I Economy India

Special PMLA court orders transfer of 455 properties to Supreme Court-appointed committee; total fraud estimated at ₹48,000 crore New Delhi (Economy India): In a major development in one of India’s largest financial fraud investigations, the Enforcement Directorate (ED) on Monday announced the restitution of assets worth over ₹15,000 crore in connection with the PACL (Pearls Group) scam. The recovered assets have been transferred to a Supreme Co…

ED has attached assets valued at Rs 64,920 crore linked to bank frauds: FM Sitharaman​

New Delhi, March 30 (IANS) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs… Continue reading ED has attached assets valued at Rs 64,920 crore linked to bank frauds: FM Sitharaman​ The post ED has attached assets valued at Rs 64,920 crore linked to bank frauds: FM Sitharaman​ first appeared on Australia India News.

ED has attached proceeds of crime worth Rs 64,920 cr in bank fraud cases: FM

New Delhi, Mar 30 (PTI) The Enforcement Directorate has investigated 1,105 bank fraud cases under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday. In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act (FEOA), 2018 was enacted to deter economic offenders from evading Indian law by staying abroad and was applicable to offences involving Rs 100 crore or more.…