Guwahati, March 24 (IANS) The Enforcement Directorate’s (ED) Guwahati Zonal Office, has provisionally attached assets worth Rs 13.41 crore in connection with a major ponzi scam involving M/s DB Stock Consultancy and its proprietor Deepankar Barman, officials said on Tuesday. The operation was carried out under the Prevention of Money Laundering Act (PMLA), 2002, following an ongoing probe into alleged cheating of investors through unregulated deposit schemes.According to the ED, the attached ass…
Latest Banning of Unregulated Deposit Schemes Act News & Updates
Kochi Feb 19 (IANS) In a major step towards compensating victims of the Rs 2,000-crore Popular Finance scam, the Special Court for PMLA Cases at Ernakulam has ordered restitution of attached assets worth Rs 65.07 crore to the Competent Authority under the Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act). The order dated February 10, 2026, directs that movable properties valued at Rs 33.20 crore and immovable assets worth Rs 31.87 crore, earlier attached by the Enforcement Directora…