NEW DELHI: In yet one more case of restitution of property to victims of a rip-off, the Enforcement Directorate has allowed the sale and refund of 185 crore value of hooked up property of Jammu-based Surya Prescribed drugs to SBI in a cash laundering case towards the corporate and its administrators.
The hooked up property embody a constructing and superstructure on 80 kanals of land, together with plant and equipment, positioned in Samba in Jammu.
That is the third case of restitution after disposing of property of accused previously few months. Earlier, ED had returned flats in Gurgaon to their house owners who have been allegedly cheated by actual property builders and refunded cash to small traders who turned victims of Kolkata’s Rose Valley chit fund ‘rip-off’.
On Wednesday, ED stated, “The directorate’s Chandigarh workplace has efficiently returned properties valued over 185 crore from Surya Prescribed drugs Ltd to the SBI-led consortium of banks by means of the official liquidator as a part of its ongoing efforts to revive the proceeds of crime to the rightful victims and claimants of the offence of cash laundering.”
A particular court docket in Chandigarh on Oct 25 allowed the sale of property and its restitution to SBI, which had earlier filed a grievance of mortgage fraud of 829 crore towards the accused. The court docket had additionally issued non-bailable warrants towards administrators Rajiv Goyal and Alka Goyal, who had fled the nation and have been subsequently declared proclaimed offenders in 2017, earlier than ED may provoke its cash laundering case.
The restitution is available in file time, inside six months of ED submitting its charge-sheet towards the accused Goyals in April. ED will quickly transfer courts for declaring them as fugitives below the Fugitive Financial Offenders Act to provoke their extradition to India.
The restitution order got here after ED held conferences with the lending banks and the official liquidator, appointed by the NCLT, helping them in submitting a restitution utility earlier than the particular court docket in Chandigarh.
