India’s ED returns Rs 25.38 crore to Indian Bank in a money laundering case involving fake documents.

The Enforcement Directorate (ED) in India has returned property valued at Rs 25.38 crore to Indian Bank in a money laundering case involving Nafisa Overseas and others. The firms used fake documents to obtain bank credit, which led to a loss of Rs 23.46 crore. The ED filed a prosecution complaint, and the case is now under court cognizance. This restitution is part of the ED's efforts to return proceeds of crime.

November 29, 2024
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