The Enforcement Directorate (ED) has successfully restored assets worth Rs 180.87 crore to banks affected by the notorious Zoom Developers scam. This significant move follows years of rigorous investigation into the real estate fraud that saw billions of rupees diverted through a complex network of shell companies. The recovered assets include prime land parcels and various financial instruments, providing much-needed relief to public sector lenders whose funds were long trapped in non-performing assets (NPAs). This restitution is seen as a major victory for India’s anti-money laundering framework.
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