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Now Reading: Ka-ching! Why scam victims, banks are thanking ED for this INR29,000 crore cheque

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Ka-ching! Why scam victims, banks are thanking ED for this INR29,000 crore cheque

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Uncategorized
Ka-ching! Why scam victims, banks are thanking ED for this INR29,000 crore cheque

Ka-ching! Why scam victims, banks are thanking ED for this INR29,000 crore cheque

AdminUncategorized1 month ago26 Views

Visualisation by Sadhana Saxena via AI

Synopsis

ED is now putting greater emphasis on victim compensation. This not only marks the evolution of the agency but also reinforces public trust in India’s financial justice system.

What comes to your mind when someone mentions Enforcement Directorate (ED)? The nodal agency for investigating money-laundering cases with the power to seize assets of the fraudsters. ED is now stepping into a more proactive role, restoring defrauded assets to the rightful claimants. The agency has restituted assets worth INR29,000 crore to scam victims and banks in the last two years. This is ED’s biggest restitution push so far. This strategic