💨 Abstract

The Enforcement Directorate has initiated the first phase of restitution for over 7,000 investors defrauded by the Rose Valley Group, with each recipient receiving Rs 10,200. This is a result of a special Prevention of Money Laundering Act (PMLA) court's order in August to release funds to the Asset Disposal Committee (ADC). The total amount disbursed is Rs 5.12

Courtesy: theprint.in

Summarized by Einstein Beta 🤖