Assets worth Rs 100 crore restituted in bank 'fraud' case against media company: ED

The Enforcement Directorate (ED) has returned assets worth Rs 100 crore to banks defrauded by Delhi-based Pixion Media Limited and its promoters. The ED took this action after attaching properties worth Rs 156 crore under the Prevention of Money Laundering Act (PMLA). The agency found that loans were fraudulently obtained from multiple banks and siphoned off for personal use.