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.The ED has started the restitution of properties worth ₹2,566 crore of fugitive businessman Mehul Choksi. The assets were attached by the ED in the PNB bank fraud case. The ED has started the process of handing over the assets to the liquidator of Gitanjali Gems, the company once owned by Choksi. Under the legal framework of PMLA, the law stipulates that assets may be returned to bona fide claimants once a trial commences specifically after charges are framed against the accused by the Special Court (PMLA)."The ED has made major progress in restoring assets to the legitimate owners of properties. This achievement highlights the effective use of sections 8(7) and 8(8) of the PMLA, which allow for the restoration of assets to rightful owners when it is determined that the assets were initially acquired via illicit means but ultimately belong to innocent parties," the finance minister informed parliament on Tuesday.

ED hands over ₹22,000 cr worth properties attached under PMLA to owners

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.