Enforcement Directorate | Returning the booty

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NewsNationEnforcement Directorate | Returning the booty

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

PROBE HUB: The ED headquarters in New Delhi | (Photo: Arun Kumar)

ISSUE DATE: Mar 31, 2025 | UPDATED: Mar 21, 2025 16:51 IST

For 57-year-old Somnath Chakraborty, employee of a private sector company in Kolkata, the promise of annual returns of more than 12 per cent enticed him to invest nearly Rs 2 lakh in a chit fund scheme floated by the Rose Valley Group in 2010. Like him, some three million small investors poured their hard-earned savings into the scheme, before the Central Bureau of Investigation (CBI) launched an inquiry and declared it fraudulent in 2015. The Directorate of Enforcement (ED), the central agency responsible for investigating money laundering and terror financing, also stepped in.