Zoom Developers Case: ED Restitutes Rs 180.87 Cr to Defrauded Banks

A total of Rs 180.87 crore in attached assets has been returned to defrauded banks by the Enforcement Directorate in connection with the Zoom Developers scam. This recovery marks a pivotal point in the ongoing legal saga, where the ED dismantled a sophisticated network of shell entities used to siphon off bank funds for personal use by the promoters. Officials confirmed that the handover includes residential and commercial plots that were previously under attachment. This development serves as a deterrent to economic offenders while restoring public faith in the financial regulatory system.