India, April 12 -- Union minister of state (MoS) for finance Pankaj Chaudhary on Saturday handed over a demand draft of Rs.515.31 crore to justice DK Seth (retired), chairman of Assets Disposal Committee (ADC) that was formed on the directions of the Calcutta high court, to oversee the Rose Valley multi-state chit fund case.

Enforcement director (ED) Rahul Navin was also present during the handing over of the demand draft, which will be used to return money to around 7.5 lakh defrauders

"It is estimated that this amount will be used to restitute money to approximately 7.5 lakh victims out of the total claims of 31 lakh lodged so far with the asset disposal committee (ADC). Earlier, the ED had handed over Rs.22 crores to the ADC which wa...