https://www.taxtmi.com/news?id=34188 Restitution of immovable properties to a banking claimant was effected under the Prevention of Money Laundering Act after the Enforcement Directorate alleged diversion of funds obtained via fraudulent Letters of Credit, attached assets as proceeds of crime, and sought release of those properties to the State Bank of India under Section 8(8), with a special court authorizing the release. en-us Sat, 15 Feb 2025 17:31:03 +0530 Sat, 15 Feb 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34188 Restitution of immovable properties to a banking claimant was effected under the Prevention of Money Laundering Act after the Enforcement Directorate alleged diversion of funds obtained via fraudulent Letters of Credit, attached assets as proceeds of crime, and sought release of those properties to the State Bank of India under Section 8(8), with a special court authorizing the release. News - Sat, 15 Feb 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=34188