India, Nov. 29 -- The Enforcement Directorate (ED) has returned assets worth Rs.520.80 crore to the legitimate claimant in its money-laundering probe against travel firm Cox & Kings Ltd (CKL), its promoters and associated entities. The restoration follows a Supreme Court order passed in proceedings related to the case, the agency said on Friday.

According to investigators, CKL is accused of diverting around Rs.4,100 crore, identified as proceeds of crime (PoC), through a complex web of transactions. Of this, Rs.1,066 crore was allegedly siphoned off to V Hotels Ltd. The ED had attached assets valued at Rs.520.80 crore, representing the outstanding PoC, under the Prevention of Money Laundering Act (PMLA). The attachment was subsequently c...