• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, July 13, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

ED seized assets worth Rs 7,109 cr in bank scam cases in Jan-Feb: Govt

Press Trust of india by Press Trust of india
March 10, 2018
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi, Mar 9: The Enforcement Directorate (ED) had seized assets worth over Rs 7,100 crore and conducted 234 searches in the first two months of 2018 in connection with bank scam cases, the government told Parliament today.

Union Minister of State for Finance Shiv Pratap Shukla, in a written reply, informed the Lok Sabha that the ED, in the last three years (till February, 2018), had lodged 605 cases under the anti-money laundering law (the Prevention of Money Laundering Act) and attached assets worth about Rs 27,982 crore.

Related posts

London-bound AI plane with 242 on board crashes near Ahmedabad airport, chances of survivors slim

Air India crash report points to fuel flow cut off, confusion among pilots

July 12, 2025

Pilots’ grouping ALPA India seeks fair, fact-based probe into AI plane crash

July 12, 2025

These cases also included cases of possessing disproportionate assets, he said.

“The ED has conducted 234 searches in cases relating to scams and embezzlement of funds in banks during the current year (up to February 28) and seized assets worth Rs 7,109 crore (approx.),” Shukla said.

The central probe agency, this year, had registered PMLA cases in two major instances of alleged bank loan fraud, including one in the Rs 12,700-crore Punjab National Bank (PNB) “scam”, allegedly perpetrated by diamantaire Nirav Modi, his uncle Mehul Choksi and a few employees of the bank.

The other money laundering case was filed against the owners of the Rotomac pens for an alleged Rs 3,695-crore bank fraud.

Previous Post

SSB organises civic action programme

Next Post

Army celebrates International Women’s Day

Press Trust of india

Press Trust of india

Next Post

Army celebrates International Women’s Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.