ED to prioritise asset restoration for victims; Rs 16,400 cr recovered

Quick Summary:

As part of this initiative, officers from the Enforcement Directorate have been working to expedite the identification of cases where asset restoration can be prioritised, the report stated.

Till date, the ED has successfully restored assets amounting to around Rs 16,400 crore, following orders from special courts.

In addition to expediting the completion of investigations, the ED will now prioritise the restitution of assets, The Economic Times reported.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Vijay Mallya Asset recovery Asset restoration Restitution focus High-profile cases Nirav Modi Fugitive economic offender Enforcement Directorate Special courts Expedited restitution Prevention of Money Laundering Act (PMLA) NSEL case Claimants' requests Finance Act 2018 Section 8(7) PMLA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 15:39:03 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22422954

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