A special PMLA court in Mumbai ordered the restitution of immovable properties valued at Rs. 45.26 crore belonging to Sagar Suryawanshi Group so that the funds can be liquidated and the money can be distributed among the depositors who were cheated in the Seva Vikas Co-operative Bank fraud case.
This came after the Enforcement Directorate’s Mumbai Zonal Office filed an affidavit stating that it had no objections to the application moved by liquidator of Seva Vikas Co-operative Bank that sought that the movable properties of Sagar Suryawanshi Group be returned to them.
On Friday, the ED said that an application under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) was moved by the liquidator of the co-operative bank…