PNB Fraud: Mehul Choksi's Assets Worth Over Rs 2,500 Crore To Be Auctioned
NDTV
The federal agency said in a statement that it initiated the 'restitution of assets' to the rightful owners in this case following an order passed by a special Prevention of Money Laundering Act (PMLA) court based in Mumbai.
The Enforcement Directorate Tuesday said it has begun restituting assets worth more than Rs 2,500 crore as part of a money laundering investigation against absconding businessman Mehul Choksi in connection with the alleged Rs 13,000 crore PNB loan fraud case.
The federal agency said in a statement that it initiated the 'restitution of assets' to the rightful owners in this case following an order passed by a special Prevention of Money Laundering Act (PMLA) court based in Mumbai.
"In pursuance to the order, the process of handing over of assets has been initiated and properties worth more than Rs 125 crore have been handed over to the Liquidator of Gitanjali Gems Ltd (a company of Choksi).
