The Enforcement Directorate secured a PMLA court order for restitution of 455 properties worth Rs 15,582 crore in the PACL case, directing transfer to the Justice Lodha Committee to enable refunds to defrauded investors.
A consortium led by State Bank of India moved the Supreme Court of India seeking release of Rs 5,100 crore in Sterling Biotech dues, as the bench sought responses and listed the matter for hearing on March 23.
Industrialist Anil Ambani has assured the Supreme Court he will not leave India without prior permission and will cooperate with investigators in the alleged Reliance Communications bank fraud case being probed by the ED and CBI.
Today, on 4th February, the Supreme Court directed the Enforcement Directorate to form a Special Investigation Team to probe alleged bank fraud involving Anil Ambani, Reliance Communications, and group companies, while hearing a PIL filed by former bureaucrat EAS Sarma. Bench expressed concern.
A Mumbai court has remanded former Lodha Developers director Rajendra Lodha to 14-day judicial custody in an alleged Rs 85 crore fraud involving land and TDR deals. Police claims include cash transactions, forged sales, and witness statements against him.
