Rs 3.8 crore swindled by Karnataka waqf board staff restituted by ED

NEW DELHI: Enforcement Directorate provided a big relief to Karnataka waqf board by restituting Rs 3.8 crore worth of assets to the board with the court's permission in a fraud case in which one of its employees cheated the board by depositing its money in his personal account instead of making a fixed deposit in the waqf account.

The accused bought a Mercedes car from the laundered money besides creating other assets.

ED investigation, which began in 2017, led to attachment of assets of the accused. In a recent order, an additional sessions judge of Bengaluru court allowed restitution of the assets to the rightful claimant, the Karnataka waqf board . After the court order, ED, on July 1, facilitated the release of the entire amount. A banker's cheque of Rs 3.8 crore was handed over to board CEO Jeelani Mokashi. "This release underscores ED's commitment to ensuring justice for victims of financial crimes ," the agency said Tuesday, adding that it will ensure that the proceeds of crime are returned to their rightful owners.