Shimla, Jan 8 (IANS) The Enforcement Directorate (ED), Shimla, has restituted proceeds of crime in the form of immovable properties valued at Rs 1.44 crore to the Bank of India in connection with a loan fraud case involving a private company, an official said on Thursday.In a statement, the ED said the restitution relates to a bank fraud case involving Arvind Casting, in which loans were allegedly obtained using forged documents and subsequently defaulted upon.The action was taken to restore the…
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