asset value

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    Money Laundering Investigation Links London Property to Fraud

    New Delhi, March 25 An immovable asset worth Rs 7.5 crore, located near London's Heathrow Airport, has been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, the Enforcement Directorate (ED) said on Wednesday.The provisional attachment order was...
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    Financial Disclosure Reveals Wealthy Representation in West Bengal Assembly

    Kolkata, March 16 Almost half of the West Bengal MLAs have declared criminal cases against themselves, while over half are crorepatis, a report by the Association for Democratic Reforms (ADR) and West Bengal Election Watch released on Monday said.The report analyzed the criminal, financial...
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    New RBI Rules Permit Bank Financing for Real Estate Investment Trusts

    Mumbai, February 13 The Reserve Bank proposed on Friday allowing banks to extend loans to REITs, capping the total exposure at 49 percent of the asset value under each investment trust.Banks will provide loans only to listed Real Estate Investment Trusts (REITs).Currently, there are five...
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