December 10, 2024 5:55 PM

ED initiates restitution of assets in Mehul Choksi case

The Enforcement Directorate (ED), in collaboration with Punjab National Bank (PNB) and ICICI Bank, has started the restitution of properties linked to the Mehul Choksi bank fraud case, as part of its efforts to ensure that seized and attached assets are returned to rightful owners and victims of money laundering while enabling financial institutions to monetise these assets. The Special PMLA Court in Mumbai has approved the "monetisation of properties" amounting to Rs 2,565.90 crore, attached o...