In a significant move to restore the Proceeds of Crime (POC) to rightful claimants, the Hon’ble Special Court (PMLA) has ordered for restitution of properties valued at Rs. 8.41 Crore to victims of offence of money laundering and rightful claimants in the case of M/s. Ajmera Group and others, being investigated by ED.
ED initiated investigation on the basis of Multiple FIRs registered against the Managing Director, Directors and Associates of M/s Ajmera Group, Bengaluru, under various Sections of IPC, 1860, alleging that the said entity has received investments from common public by promising higher returns on the investment made by them. However, they cheated the public by neither paying the profit nor the principal amount deposited/ investment made.
ED investigation revealed that huge amounts were siphoned to bank accounts of directors and other related individuals of M/s Ajmera Group and the same were used to purchase various properties in their names.
During the investigation, the ED issued a Provisional Attachment Order, attaching multiple movable and immovable assets belonging to various accused persons and subsequently filed a Prosecution Complaint before the Hon’ble Special Court.
Considering the intent of PMLA to restitute/ restore the POC to the bonafide/ legitimate claimants and the victims of the offence of money- laundering, the ED submitted no objection before the Hon’ble Special PMLA Court for the release of property attached, to the bonafide/legitimate claimants and the victims of the offence of money- laundering in the matter.
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Based on the afore-said submission of ED, the Hon’ble Special PMLA Court is pleased to pass an order on 09.06.2026, to restitute the attached immovable properties to the bonafide/legitimate claimants and the victims of the offence of money-laundering. The restitution of the properties to the rightful claimant and victim marks a significant step in the ED’s ongoing efforts to ensure that the POC are returned to those affected. The ED continues to uphold its commitment to combating financial crimes and ensuring justice for victims of such crimes.