'25-'26: ED targets restituting Rs 15k crore money to victims

NEW DELHI: ED has set a target of restituting property/money worth Rs 15,000 crore to victims of various scams in the 2025-26 fiscal. Over the last few years, the agency has restituted around Rs 32,000 crore to banks and people, including to 7.5 lakh victims of the Rose Valley ponzi 'scam' in West Bengal. More than 31 lakh victims have filed claims in the Rose Valley case and most of them are poor people who had contributed their small daily savings to the chit fund. tnn

Mallya, Nirav Modi case: More than Rs 15k cr restituted to banks

The masterminds and beneficiaries of the 'scam' included politicians and even ministers in the state govt who have been named as accused in the ED's probe. Through court-monitored committees, ED carried out restitution from the sale proceeds of attached assets and properties of the accused. This was done after approval from special courts.

In the case of fugitive businessman Vijay Mallya and diamond trader Nirav Modi, ED has restituted more than Rs 15,000 crore to banks.

There have been cases where ED has restituted land. In Chennai, an individual was restituted land which was grabbed by the mafia by forging documents.

So far, ED has attached more than Rs 1.2 lakh crore worth of properties and bank deposits, which after investigation will be restituted, sources said.