Punjab property fraud: ED restores Rs 20 crore seized assets to two banks
JALANDHAR: In a money laundering case related to fraud with property buyers, the ED has restituted six attached immovable properties valued at Rs 20.21 crore to the State Bank of Patiala and Catholic Syrian Bank, an official said on Tuesday.
The Directorate of Enforcement (ED), Jalandhar Zonal Office, said the restored properties of Nature Heights Infra and its officials are valued at around Rs 20.21 crore as per the sale deed; however, their present market value is around Rs 50 crore.
An official statement said that the properties were restituted as per the Special PMLA Court, Mohali, order delivered on February 6.
 
 
 
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Baljeet Singh
Baljeet is a Punjabi news writer dedicated to bringing reliable and engaging news to readers. He focuses on covering trending stories, regional updates, and important social issues while presenting information in a simple and clear way for the Punjabi audience.
