ED Restitutes Rs. 13.58 Crore to Victims of Money Laundering in Kamal Kalra Case.
08 March 2025
The Enforcement Directorate (ED) in Delhi has successfully returned assets worth Rs. 13.58 Crore to the rightful claimants in a money laundering case involving Kamal Kalra. The investigation was initiated based on a Bank of Baroda FIR against 59 account holders and other bank officials for offenses under the IPC and the Prevention of Corruption Act. The ED uncovered that large sums of money were transferred to companies in Hong Kong and Dubai through hawala operations, disguised as advance import payments, with no actual imports taking place. Fake documents were submitted to the bank by the accused.
During the probe, the ED attached assets worth Rs. 69 Crore from the accused, filing five Prosecution Complaints before the Special Court. On March 8, 2025, the ED requested the Hon’ble Additional Session Judge to release the attached properties to the legitimate victims of money laundering. The court granted this request, marking a significant victory in the ED's efforts to restore proceeds of crime to victims and uphold justice in financial crime cases.