New Delhi | March 23, 2026

Rahul Navin on Monday stated that the Enforcement Directorate (ED) has returned assets worth nearly $5.6 billion (around ₹52,329 crore) to victims of money laundering, underlining the agency’s focus on restitution. Speaking at the GlobE Network steering committee meeting in New Delhi, he emphasised that asset recovery is not just a procedural step but a critical measure of success in modern anti-corruption efforts.

The three-day meeting of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), being held from March 23 to 25, brings together agencies from across the world to strengthen cooperation in tackling corruption. Navin noted that a large portion of these recoveries has been achieved over the past two years, reflecting increased efficiency in tracking and returning proceeds of crime.

He highlighted the complementary roles of India’s key agencies, including the Central Bureau of Investigation and the Enforcement Directorate, in investigating and prosecuting corruption cases. Under the Prevention of Money Laundering Act (PMLA), authorities are empowered to trace, seize, and restore assets to rightful claimants who have suffered financial losses. Major cases involving individuals like Vijay Mallya, Nirav Modi, and Mehul Choksi were cited, where significant amounts have been returned to banks and investors.

Meanwhile, Praveen Sood stressed that corruption has become increasingly global and technology-driven, making international cooperation essential. Officials also pointed to the usefulness of platforms like the GlobE Network in facilitating real-time information sharing and coordinated action. The meeting aims to further strengthen global partnerships in the fight against financial crimes and ensure effective enforcement  ED Restores ₹52,000 Crore to Victims, Highlights Asset Recovery as Key to Anti-Corruption Success

Rahul Navin on Monday stated that the Enforcement Directorate (ED) has returned assets worth nearly $5.6 billion (around ₹52,329 crore) to victims of money laundering, underlining the agency’s focus on restitution. Speaking at the GlobE Network steering committee meeting in New Delhi, he emphasised that asset recovery is not just a procedural step but a critical measure of success in modern anti-corruption efforts.

The three-day meeting of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), being held from March 23 to 25, brings together agencies from across the world to strengthen cooperation in tackling corruption. Navin noted that a large portion of these recoveries has been achieved over the past two years, reflecting increased efficiency in tracking and returning proceeds of crime.

He highlighted the complementary roles of India’s key agencies, including the Central Bureau of Investigation and the Enforcement Directorate, in investigating and prosecuting corruption cases. Under the Prevention of Money Laundering Act (PMLA), authorities are empowered to trace, seize, and restore assets to rightful claimants who have suffered financial losses. Major cases involving individuals like Vijay Mallya, Nirav Modi, and Mehul Choksi were cited, where significant amounts have been returned to banks and investors.

Meanwhile, Praveen Sood stressed that corruption has become increasingly global and technology-driven, making international cooperation essential. Officials also pointed to the usefulness of platforms like the GlobE Network in facilitating real-time information sharing and coordinated action. The meeting aims to further strengthen global partnerships in the fight against financial crimes and ensure effective enforcement mechanisms.