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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Panchkula, Jan 15 (IANS) A Special CBI court in Haryana sentenced four officials of two real estate companies to varying jail terms varying of five to four years, along with penalties, in a case pertaining to fund diversion and bank loan fraud involving Rs 152 crore, an official said.Bishan Bansal and Nanak Chand Tayal, both linked to SRS Real Infrastructure Ltd and SRS Real Estate, have been sentenced to Rigorous Imprisonment (RI) for five years with a fine of Rs 80,000 each, a CBI statement sa…