Browsing Tag

economic offences

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The Enforcement Directorate has facilitated the payment of ₹311.67 crore towards long-pending dues of former Kingfisher Airlines employees, following a DRT Chennai order releasing funds from PMLA-attached assets linked to Vijay Mallya.

Kingfisher Airlines Employees to Receive ₹311.67 Crore as ED Facilitates Long-Pending Dues

The Enforcement Directorate has facilitated the payment of ₹311.67 crore towards long-pending dues of former Kingfisher Airlines employees, following a DRT Chennai order releasing funds from PMLA-attached assets linked to Vijay Mallya.
The Enforcement Directorate has handed over four Borivali flats belonging to Mehul Choksi to the liquidator for monetisation, part of the ongoing recovery in the ₹6,097 crore PNB fraud case. With this, assets worth ₹310 crore have been transferred for the benefit of victim banks.

ED Hands Over Mehul Choksi’s Borivali Homes to Liquidator for Monetisation; Move to Benefit Victim Banks

The Enforcement Directorate has handed over four Borivali flats belonging to Mehul Choksi to the liquidator for monetisation, part of the ongoing recovery in the ₹6,097 crore PNB fraud case. With this, assets worth ₹310 crore have been transferred for the benefit of victim banks.
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

SBI Loses ₹1,266 Crore: ED Attaches Dubai Properties Gifted by Fraud Accused to Daughter

The ED has attached nine Dubai properties worth ₹51.70 crore linked to Shrikant Bhasi, accused in the ₹1,266-crore SBI fraud. Investigators found the assets were purchased using laundered funds and later gifted to his daughter to conceal ownership.