New Delhi, July 8 -- In a significant move to restore the Proceeds of Crime (POC) to the rightful claimants, the Directorate of Enforcement (ED), Bengaluru Zonal Office, has taken a significant step by releasing properties valued at Rs 3.82 crore to the victims of money laundering and the legitimate claimants in the case of Shusheela Chintamani & Others, currently under investigation by the ED, the agency said.

According to the ED, it initiated investigation on the basis of an FIR filed against two Vijaya Bank officials and Syed Siraj Ahmed, a First Division Assistant with the Waqf Board.

https://x.com/dir_ed/status/1942551206360146399

In this case, the Waqf Board issued two cheques amounting to Rs 4,00,45,465/- to open Fixed Deposit a...