Overview

• The Enforcement Directorate’s Bengaluru Zonal Office is implementing a court-ordered restitution of immovable properties valued at Rs 20.16 crore to bona fide claimants and victims.
• The Principal City Civil and Sessions Judge authorized the release after the agency told the court it had no objection to returning the attached assets.
• ED findings state Injaz International collected large sums under a chit-fund or money-circulation scheme and diverted the money into real estate purchases and partners’ personal expenses.
• Investigators previously issued a provisional attachment covering multiple properties and filed a prosecution complaint before the special PMLA court.
• The probe stems from a 2018 FIR by Wilson Garden Police and a complaint from the Yelahanka Tahsildar office, and the CID’s Financial Intelligence Unit continues to investigate.