MUMBAI:
Properties worth over ₹125 crore have been handed over to the liquidator as part of the process, ED said.
The decision by a special Prevention of Money Laundering Act (PMLA) court followed an application from the victim banks - PNB and ICICI Bank - for initiating the restitution process under PMLA Act.
The application, backed by ED, was pending for decision since November 2022 and such delay in the release/restoration of properties was delaying the recovery of public funds, the applicants said.
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