Gurugram, June 18 (IANS) In cases related to the SRS Group, the PMLA Special Judge at Gurugram has ordered restitution of immovable properties valued at Rs 281.85 crore to 12 genuine home buyers, the Enforcement Directorate (ED) said on Thursday. The move to restore the Proceeds of Crime (PoC) to the rightful claimants follows the Special Judge’s separate orders dated May 19, June 4 and June 11, the ED said in a statement.The Special Judge also directed the distribution of a share of the PoC to …
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New Delhi, March 18 (IANS) The Enforcement Directorate (ED) has restored immovable properties worth about Rs 650 crore to 2,312 genuine homebuyers in connection with the money laundering probe against the SRS Group, officials said on Wednesday.The restitution was carried out following an order dated March 11 by the special Prevention of Money Laundering Act (PMLA) court in Gurugram, allowing the return of attached properties to legitimate claimants who had suffered losses due to the alleged frau…
Gurugram, Jan 18 (IANS) A Special Court (PMLA) in Gurugram has declared Jitender Kumar Garg and Sunil Jindal — promoters and directors in various companies of SRS Group — as fugitive economic offenders in the more than Rs 2,200 crore investment fraud involving funds collected from public and banks, an ED official said on Sunday. The declaration by the Special Court was issued on January 15 under the Fugitive Economic Offenders Act, 2018 (FEOA), the ED said in a statement.Jindal, according to E…