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…
Latest Special Court for PMLA cases News & Updates
New Delhi, Jan 30 (IANS) The Directorate of Enforcement (ED) has arrested Punit Garg, ex-Director of Reliance Communications (RCOM) Ltd, under the Prevention of Money Laundering Act (PMLA) in the over Rs 40,000 crore bank fraud and money laundering case, an agency statement said on Friday.The probe shows Garg diverted proceeds of crime to offshore entities and used these proceeds of crime for financing the overseas education of his children. He also fraudulently sold an $8.3 million luxury condo…