<h1>ED Returns Rs 30 Crore Assets to SBI in Sheetal Refineries Loan Fraud Case Under Money Laundering Probe</h1> The Enforcement Directorate (ED) has restituted assets worth over Rs 30 crore to the State Bank of India (SBI) in a money laundering case involving a Telangana-based company, Sheetal Refineries Limited, accused of a Rs 190 crore loan fraud. The company allegedly used fraudulent Letters of Credit to obtain funds from a bank consortium, including SBI and Punjab National Bank, which later became non-performing assets. The funds were diverted into personal accounts and used for property investments. A special court in Hyderabad ordered the release of these properties to SBI, marking a step in returning proceeds of crime to affected parties.