The Enforcement Directorate has transferred four Mumbai flats linked to Mehul Choksi to the liquidator of Gitanjali Gems to speed up monetisation and compensate victims of the PNB fraud. This marks a crucial shift from asset seizure to real recovery for banks and affected stakeholders.
![[SBI Fraud Case] CBI Arrested Alleged Bank Fraudster "Dead" For 20 years living in Sadhu's Disguise](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/image-17-2.png?resize=447%2C367&ssl=1)
The CBI arrested V. Chalapathi Rao, a proclaimed offender in a bank fraud case, after 20 years of absconding. Rao had evaded arrest by changing his identity and locations, living under disguises and obtaining multiple Aadhaar cards. He fled to several places in India and was finally apprehended in Tamil Nadu.
The Delhi High Court sought the response of an accused Today (April 2nd) on a plea moved by the Enforcement Directorate (ED) challenging the bail granted to her by a trial court in a bank fraud-linked money-laundering case exceeding Rs 46,000 crore, against the erstwhile Bhushan Steel Limited (BSL).
