Hon’ble Special Court (PMLA), Mumbai allowed “monetisation of properties” amounting to Rs. 2565.90 Crore attached or seized by the ED, Mumbai in Mehul Choksi case (PNB fraud case). ED ongoing efforts for restitution of properties worth more than Rs 125 Crore to their rightful owners and victims of money laundering and in order to put the productive assets to use and to enable financial institutes to monetise the assets attached or seized/secured by ED, a concerted effort was put by ED in collaboration with PNB and ICICI Bank (victims of the bank fraud) and an application for restitution of assets was filed in the Mehul Choksi case