Alibag, Apr 3 (PTI) A total of Rs 184 crore has been recovered from debtors by the Pen Urban Cooperative Bank located in Maharashtra's Raigad district, the lender's administrator said on Monday.

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The bank was hit by a scam of more than 795 crore in 2010, which was probed by the Enforcement Directorate under the Prevention of Money Laundering Act.

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Several bank officials were arrested for alleged misappropriation of funds to buy property etc, resulting in the loans becoming non-performing assets, as per the ED.

The one-time settlement scheme has mopped up Rs 2.74 crore from 227 debtors, while loan recovery stood at Rs 184.71 crore, the administrator said in a release.

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