Monday, January 19, 2026

Crime-Justice

ED orders restitution of Rs 180.87 crore assets to banks in Zoom Developers bank fraud, money laundering case

IANS | January 19, 2026 03:59 PM

BHOPAL: In a significant development in one of India's longstanding high-profile bank fraud investigations, the Enforcement Directorate (ED)'s Bhopal Zonal Office has facilitated the restitution of properties valued at Rs 180.87 crore to affected banks.

This follows an order passed by the Special Court (PMLA) at Indore on January 17, 2026, the central probe agency said in a statement.

Of the total, properties with a fair market value of Rs 106.5 crore (comprising three attached properties) have been directed for restitution to the consortium of banks led by the Punjab National Bank (PNB).

Have something to say? Post your comment