Probe Agency ED Restores Assets Worth Rs 611 Crore To Ponzi Scam Victims

Probe Agency ED Restores Assets Worth Rs 611 Crore To Ponzi Scam Victims

In a breakthrough in the Agri Gold Ponzi scheme case, the Hyderabad zonal office of the Enforcement Directorate (ED) has successfully restituted attached properties worth approximately Rs 611 crore (at the time of attachment) to the victims.

ED Completes Restoration Of Assets Worth Rs 7,000 Crore Duped From Investors In Agri Gold Fraud

The Enforcement Directorate on Friday said it has achieved finality in restoring assets worth a total Rs 7,000 crore, duped from investors through an alleged Ponzi scheme, to the Andhra Pradesh government for further restitution to the victims of the Agri Gold 'fraud'.The federal probe agency initiated this process in February as it restored properties worth Rs 3,339 crore (present market value of more than Rs 6,000 crore). The ED has now done t…