ED Returns Properties Worth ₹611 Cr to Agri Gold Victims

Of the 397 assets attached by the agency, 13 are in Telangana

- EXPRESS NEWS SERVICE @Hyderabad

The Enforcement Directorate Hyderabad Zonal Unit has accomplished the process of restitution of attached properties worth ₹611 crore (value of the properties at the time of attachment) to the victims of Ponzi schemes launched by Agri Gold group of companies.

The present market value of the properties is expected to be more than ₹1,000 crore.

In May 2025, the ED filed restitution application under Section 8(8) of the Prevention of Money Laundering Act, 2002 before the Special PMLA Court of the Metropolitan Sessions Judge, Hyderabad for release of movable and immovable properties attached by it to the Crime Investigation Department, Andhra Pradesh.

The ED filed the petition so that attached properties could be restored to the victims of the Agri Gold Ponzi schemes under the provisions of the Andhra Pradesh Protection of Depositors of Financial Establishments (APPDFE) Act, 1999. The Court, in its order dated 10.06.2025, allowed the restitution petition filed by ED.