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ED hands over ₹22,000 cr worth properties attached under PMLA to owners
The Morning Standard
|December 18, 2024
The Enforcement Directorate (ED) has handed over properties worth ₹22,280 crore attached under Prevention of Money Laundering Act (PMLA) to victims or their legitimate claimants, finance ministry has informed parliament.
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The properties include ₹14,132 crore returned to banks in the Vijay Malaya bank fraud case, ₹1,053 crore in Nirav Modi case. Recently, the ED handed over ₹4,025 crore worth of assets attached in the Bhushan Power and Steel case to JSW, which acquired the company via the insolvency process in 2019.
This story is from the December 18, 2024 edition of The Morning Standard.
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