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ED set to auction Mehul Choksi’s Rs 2,500 cr assets

The Enforcement Directorate (ED) on Tuesday said it had begun the process for auctioning assets, worth over Rs 2,500 crore, as part of a money laundering probe against absconding businessman Mehul Choksi in connection with the alleged Rs 13,000 crore...

PTI

New Delhi, Updated At : 04:51 AM Dec 11, 2024 IST

The Enforcement Directorate (ED) on Tuesday said it had begun the process for auctioning assets, worth over Rs 2,500 crore, as part of a money laundering probe against absconding businessman Mehul Choksi in connection with the alleged Rs 13,000 crore PNB loan fraud case.

The federal agency said it initiated the ‘restitution of assets’ to the rightful owners in this case following an order passed by a special Prevention of Money Laundering Act (PMLA) court based in Mumbai.

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