Ed Waqf Board: What happened that ED had to return crores of property? Waqf board is related to the case, money was grabbed through check

New Delhi. It is usually heard that the Enforcement Directorate (ED) took action and seized crores of property in the case of money laundering. But this time an interesting case was seen, where the investigating agency has returned the property. The investigating agency ED took an important step on Tuesday to provide justice to the victims in money laundering cases. In this initiative taken by the Bengaluru Regional Office, assets of Rs 3,82,74,444 have been returned to the valid contenders – Karnataka State Waqf Board -.

The ED handed over a banker check of Rs 3.82 crore to the Karnataka State Waqf Board. This case is related to Sushila Chintamani and others, in which the ED is investigating. The investigation started on the basis of the FIR that was registered against two Vijaya Bank officials and the First Division Assistant of Waqf Board Syed Siraj Ahmed. According to FIR, two checks were given by the Waqf Board – ₹ 4,00,45,465 – were given to open a fixed deposit in Vijaya Bank, but this amount was incorrectly transferred to fake institutions.