New Delhi: The Enforcement Directorate has seized Rs 100 crore in the ongoing money laundering investigation in the bank loan fraud case. The amount of Rs 274 crore has been returned. The case was against PSL Limited. The company was accused of money laundering in 2020 and the CBI had also filed an FIR in the case.
In the FIR lodged by the CBI, several allegations were made against the PSL company and its directors, including fraud. The directors of the company get Rs. He was accused of using a loan of Rs 274.60 crore for criminal purposes.
The National Company Law Tribunal (NCLT) initiated liquidation proceedings against the company in September 2020 and appointed a liquidator. The ED said that it has recovered Rs 100 crore through the liquidation process as per the Delhi High Court’s March 2023 order in this case. A fixed deposit of Rs 274.60 crore received was deposited in a nationalized bank by the Joint Director of ED.
The ED said that for this the ED has also given NOC (NOC Certificate), which shows that it is ready to hand over an amount of Rs 274 crore and is interested in distributing the recovered amount recovered in the PMLA case among its legitimate contenders and scam victims. The High Court then issued an order to free the attachment property.
