New Delhi, Oct. 15 -- The Enforcement Directorate (ED) has restituted the unsold inventory of 354 flats, 17 commercial units and 2 plots in project Royal Rajvilas (RRV) at Udaipur, with a present market value of about Rs.175 crore, to the resolution applicant of Udaipur Entertainment World Private Limited, appointed under IBC (insolvency and bankruptcy code), 2016. The development has been appreciated by the Supreme Court as well. The agency said in a statement on Tuesday that the restoration of assets will ultimately benefit around 213 homebuyers who had purchased the units and had been suffering for over 12 years. The financial crimes probe agency had launched a money laundering probe into the matter in 2019 based on FIRs filed by the Central Bureau of Investigation. It is alleged that Bharat Bomb, an Udaipur based chartered accountant and his associates, who defrauded the Syndicate Bank (now Canara Bank) to the tune of Rs.1267.79 crore by discounting of forged cheques and inland bills, and drawing loans against forged insurance policies The proceeds of fraud were diverted in the project Royal Rajvilas....