Archive · 25 Jul 2026
Mumbai Court Orders Property Restoration
A court in Mumbai has ordered the return of properties worth Rs 22.40 crore to legitimate claimants.
These properties were earlier attached by the Enforcement Directorate (ED) as part of a money laundering investigation against a company called M/s Usher Agro Ltd.
The company was accused of defrauding banks of Rs 916 crore.
The ED had no objection to releasing the properties, and the court ordered their restoration.
This decision is seen as a step to return the proceeds of crime to those affected by the fraud.
A Mumbai court ordered the restoration of attached properties worth Rs 22.40 crore to legitimate claimants.
The properties were attached by the ED as part of a money laundering investigation against M/s Usher Agro Ltd.
The company was accused of defrauding banks of Rs 916 crore through a network of shell companies.
The ED had no objection to releasing the properties, leading to the court's order for their restoration.
The restoration of the properties is seen as a step to return the proceeds of crime to those affected by the fraud.
- Who
- The Enforcement Directorate (ED) and legitimate claimants
- What
- Restoration of attached properties worth Rs 22.40 crore
- When
- July 23
- Where
- Mumbai, India
- Why
- To restitute and restore proceeds of crime to bona fide legitimate claimants
Enforcement Directorate
Legitimate Claimants
Property Attachment
Enforcement Directorate
The ED attached properties worth Rs 22.40 crore as part of a money laundering investigation.
Legitimate Claimants
Legitimate claimants sought the restoration of the attached properties.
Prosecution Complaint
Enforcement Directorate
The ED filed a prosecution complaint seeking confiscation of the attached properties.
Legitimate Claimants
The liquidator approached the court for the restoration of the attached property.
- Date of Order
- July 23
- Value of Attached Properties
- Rs 22.40 crore
- Alleged Fraud Amount
- Rs 916 crore
- Company Involved
- M/s Usher Agro Ltd.
- Investigating Agency
- Enforcement Directorate (ED)
- Court
- Special PMLA Court, Mumbai
