Enforcement Directorate | Returning the booty

The Enforcement Directorate has made restitution a priority, aggressively tracing illicit funds, monetising seized assets and ensuring that victims of fiscal fraud person their rightful dues

PROBE HUB: The ED office successful New Delhi | (Photo: Arun Kumar)

For 57-year-old Somnath Chakraborty, worker of a backstage assemblage institution successful Kolkata, the committedness of yearly returns of much than 12 per cent enticed him to put astir Rs 2 lakh successful a chit money strategy floated by the Rose Valley Group successful 2010. Like him, immoderate 3 cardinal tiny investors poured their hard-earned savings into the scheme, earlier the Central Bureau of Investigation (CBI) launched an enquiry and declared it fraudulent successful 2015. The Directorate of Enforcement (ED), the cardinal bureau liable for investigating wealth laundering and panic financing, besides stepped in.