ED restores ₹650 crore properties to homebuyers
Change
Enforcement Directorate restored immovable properties worth ₹650 crore to 2,312 homebuyers.
Why it matters
Enforcement Directorate prosecuted the Faridabad-based SRS group under the Prevention of Money Laundering Act for alleged cheating and defrauding investors, homebuyers and banks of ₹2,216 crore. ED restored immovable properties worth ₹650 crore to 2,312 homebuyers and is verifying remaining claims from homebuyers, banks and other institutions. Prosecution proceedings are continuing before a special court; ED is taking steps for attachment, recovery and confiscation of proceeds of crime. ED secured non-bailable warrants, detained one accused who was brought to India on November 1, 2025 and lodged in Neemka Jail, Faridabad, and has initiated extradition proceedings for a co-accused reported to be in Georgia.
Implications
- • Special court prosecution under the PMLA continues with attachment, recovery and confiscation actions underway.
- • Verification of remaining homebuyer and bank claims will determine which assets and claims enter formal recovery or restitution processes.
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