ED restitutes Rs 380-cr worth assets in cooperative bank 'fraud' involving ex MLA https://www.taxtmi.com/news?id=50974 The Enforcement Directorate used the PMLA restitution mechanism to transfer provisionally attached assets, identified as proceeds of crime diverted through fictitious loan accounts, to the RBI appointed liquidator with the ED's consent and judicial direction for auction and distribution by the Competent Authority to compensate depositors. en-us Wed, 30 Jul 2025 17:01:04 +0530 Wed, 30 Jul 2025 17:01:04 +0530 TaxTMI RSS Generator ED restitutes Rs 380-cr worth assets in cooperative bank 'fraud' involving ex MLA https://www.taxtmi.com/news?id=50974 The Enforcement Directorate used the PMLA restitution mechanism to transfer provisionally attached assets, identified as proceeds of crime diverted through fictitious loan accounts, to the RBI appointed liquidator with the ED's consent and judicial direction for auction and distribution by the Competent Authority to compensate depositors. News - Wed, 30 Jul 2025 17:01:04 +0530 https://www.taxtmi.com/news?id=50974