Srinagar, Feb. 15 -- The Enforcement Directorate Saturday said it has restituted assets worth more than Rs 30 crore to a bank as part of a money laundering investigation against a Telangana-based refinery company accused of committing a loan fraud of about Rs 190 crore.
The case pertains to the company named Sheetal Refineries Limited and some other linked entities.
"Directorate of Enforcement, Hyderabad zonal office has successfully accomplished the process of restitution of properties worth Rs 30.71 crore to the State Bank of India in connection with a money laundering case against Sheetal Refineries Limited (SRL) and others," the ED said in a statement.
The company availed credit facilities from a consortium of banks, including SBI an...