https://www.taxtmi.com/news?id=62585 Four Mumbai flats attached in a money laundering probe were restored to the official liquidator under the PMLA to enable monetisation for victims and secured creditors. The agency transferred assets-part of property holdings valued at around Rs 310 crore-to permit sale and distribution; restitution under the statute serves to return funds or property to parties duped by loan or investment fraud. The enforcement agency and lenders sought judicial approval for valuation and auction and for depositing sale proceeds in the cheated banks. en-us Mon, 24 Nov 2025 19:01:03 +0530 Mon, 24 Nov 2025 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62585 Four Mumbai flats attached in a money laundering probe were restored to the official liquidator under the PMLA to enable monetisation for victims and secured creditors. The agency transferred assets-part of property holdings valued at around Rs 310 crore-to permit sale and distribution; restitution under the statute serves to return funds or property to parties duped by loan or investment fraud. The enforcement agency and lenders sought judicial approval for valuation and auction and for depositing sale proceeds in the cheated banks. News - Mon, 24 Nov 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=62585