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ED Hands Over Choksi-Linked Mumbai Flats for Auction, Attaches Assets in Codeine and Pension Fraud Probes

The actions signal a push to recover and return alleged proceeds of crime under court oversight.

Overview

  • Four flats in Project Tatva, Borivali (East), were transferred on November 21 to the Gitanjali Gems liquidator to enable valuation and sale for victim restitution in the PNB fraud case.
  • Properties worth about Rs 310 crore have now been handed to the liquidator, and a Special PMLA Court has permitted auctions with proceeds to be kept as fixed deposits at PNB and ICICI Bank.
  • In the Mehul Choksi investigation, ED reports overall seizures and attachments totaling Rs 2,565.90 crore after searches at more than 136 locations and multiple prosecution complaints.
  • In a separate probe into diversion of codeine-based cough syrup, ED provisionally attached industrial land in Panipat worth roughly Rs 1 crore linked to Vidit Healthcare, which allegedly earned Rs 2.92 crore in illicit profit from 2018–24 sales.
  • ED also attached a residential property valued at about Rs 1.84 crore belonging to ex-District Treasury Officer Satish Kumar, citing Rs 1.68 crore siphoned from payments due to 95 pensioners and noting his conviction in the underlying case.