Government banks bag Rs. 15,183cr after ED action under PMLA
Shortpedia
Content Team
Image Credit: economic times
The Enforcement Directorate (ED) has seized assets valued at Rs. 15,186.64 crore under the Prevention of Money Laundering Act (PMLA). The majority of these assets have been returned to public sector banks, according to Union Finance Minister Nirmala Sitharaman. She mentioned that specific actions are being taken against defaulters through various legal provisions, resulting in "huge monies" being returned to the banks.
