Ed returned assets worth 1.34 crore to IDBI Bank

New -delhi, October 7 (IANS). The Direction Directorate (ED) Delhi Zonal Office has successfully withdrawn assets worth Rs 1.34 crore to the right contender, ie IDBI bank in the Kamal Kalra case. This step is part of strict action against corruption and money laundering and is considered an important milestone towards the transport of illegal assets (POCs) of crime to the right rights. The investigation was started on the basis of a FIR submitted by the Bank of Baroda, accusing the current account holders of 59 firms/companies and some unknown bank officials of committing offenses under different divisions of the Corruption Corruption Act. The ED investigation revealed that the accused sent a large amount of money to various businesses in Hong Kong (SAR), China and Dubai in the name of prepayment payments and software input to the connection of Hawala operators and traders. However, there was no interest in reality. The accused presented false documents to the bank. During the investigation, the Ed 7 issued temporary orders for the prevention of assets, whereby assets worth R 69 crore were seized of various accused. The ED also filed 5 complaints of prosecution with the Honorable Special Court. On August 23, 2025, taking into account the Spirit of the Money Laundry Prevention Act (PMLA), the enforcement directorate filed an application with the additional judge of the sessions without objection, to get permission to return the property to the valid claim owner, ie IDBI Bank. Based on this application, the additional judge of the sessions ordered the assets to be returned to the IDBI bank. This decision is an important step in ensuring justice for the victims with whom criminals have done injustice. The ED said he would continue to act by reaching the root of similar crimes so that economic crimes in the country could be controlled and justice ensured. -Ians vku/ share these story tags