What major restoration of assets has been announced in PMLA cases
ED restores assets worth ₹22,280 cr. to legitimate claimants in PMLA cases
- Enforcement Directorate (ED) has restored assets worth ₹22,280 crore to legitimate claimants in Prevention of Money Laundering Act (PMLA) cases.
- This major restoration of assets follows successful efforts by the ED to confiscate proceeds of crime in various PMLA cases.
- The assets restored include financial assets, shares, and immovable properties that were acquired through illegal activities and money laundering.
- This move by the ED aims to ensure that the proceeds of crime are brought back to the legitimate claimants as per the provisions of the PMLA.
- The restoration of such a significant amount reflects the ED's commitment to combat money laundering and illicit financial activities effectively.
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4 months ago