IndiaPosted at: Oct 10 2025 1:03AM


ED returns Rs 56 Cr properties to IDBI in loan fraud case

New Delhi, Oct 9 (UNI) The Enforcement Directorate (ED), Visakhapatnam Sub-Zonal Office today said that they have successfully accomplished the process of restitution of properties worth Rs. 56.13 Crore (present market value) under the provisions of the Prevention of Money Laundering Act (PMLA).
The said properties were attached during PMLA investigations in two cases related to large scale fraud in processing and sanctioning of loans under Kisan Credit Card (KCC) for the construction of ponds/tanks for farmers of fish farming/pisciculture. The loans were sanctioned at the Bhimavaram and Palangi branches of IDBI Bank in the state of Andhra Pradesh.
The ED initiated PMLA investigation in the two cases based on FIRs registered by the CBI, Visakhapatnam, against Rebba Satyanarayana, Kumar Pappu Singh, bank officials and others for defrauding IDBI bank in the processing and sanction of KCC fish tank loans.
Please log in to get detailed story.
Tags: #ED returns Rs 56 Cr properties to IDBI in loan fraud case
More News

SC acquits Surendra Koli in the last remaining Nithari case

11 Nov 2025 | 1:36 PM

New Delhi, Nov 11 (UNI) The Supreme Court today acquitted Surendra Koli in the final case linked to the Nithari killings, bringing to an end the only remaining conviction against him in the 2005–2006 serial murder episodes in Noida.

see more..

US closer to seal trade deal with India, likely with cut in tariffs, hints Trump

11 Nov 2025 | 1:31 PM

New Delhi, Nov 11 (UNI) The United States is coming closer to sealing a trade deal with India, said President Donald Trump, adding that at some point, the US would bring down tariffs on India.

see more..

By-elections in seven states see steady voter turnout amid tight security

11 Nov 2025 | 1:29 PM

New Delhi, Nov 11 (UNI) Voting is underway in by-elections for eight assembly constituencies spread across seven states, with the Election Commission implementing stringent security protocols to ensure a smooth and fair polling process.

see more..

'This is a bomb blast,' reads FIR of Delhi Red Fort explosion

11 Nov 2025 | 1:25 PM

New Delhi, Nov 11 (UNI) The Delhi Police has stated "This is a bomb blast" in its First Information Report (FIR) lodged in connection with the Red Fort blast case, a copy of which was accessed by the UNI. The FIR also mentions that the wall of a Delhi Police Chowki was damaged in the explosion.

see more..

Jairam Ramesh criticizes govt's reactive anti-pollution measures in Delhi

11 Nov 2025 | 1:21 PM

New Delhi, Nov 11 (UNI) Congress leader Jairam Ramesh today criticized the government’s heavy reliance on the Graded Response Action Plan (GRAP) to combat Delhi’s persistent pollution crisis, describing it as a reactive strategy that focuses on managing emergencies rather than preventing pollution at its source.

see more..