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20Feb 2025
Maharashtra’s MPID Act Enables Quick Sale of Seized Assets
Why in the News? Mumbai Police’s Economic Offences Wing is auctioning ₹40 crore worth of assets under the Maharashtra Protection of Interest of Depositors (MPID) Act. This law facilitates swift asset seizure and distribution to victims of financial fraud, ensuring faster relief and justice. Recent Development Victims of the Torres Ponzi scam may receive around …
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