ED Restitutes 14 Flats Worth ₹70 Crore In DSK Group Money-Laundering Case
Mumbai, August 21, 2026: The Enforcement Directorate, Mumbai Zonal Office, has successfully restituted 14 residential flats to the Successful Resolution Applicant in a Prevention of Money Laundering Act (PMLA) case against DSK Southern Projects Pvt. Ltd. and others. The approximate market value of these restored properties stands at Rs 70 crore. The flats, located at Mantri DSK Pinnacle in…
The Enforcement Directorate (ED) in Mumbai has returned 14 residential flats to the Successful Resolution Applicant in a money laundering case tied to DSK Southern Projects Pvt. Ltd. and its associates. The total estimated value of these restored properties is Rs 70 crore. The flats, situated at Mantri DSK Pinnacle in Hulimavu village, were handed over to the successful resolution applicant on August 14, following an order from the Supreme Court issued on July 16 under Section 8(8) of the Prevention of Money Laundering Act (PMLA).
The money laundering investigation was initiated by the ED's First Information Reports (FIRs) in Pune, targeting Deepak Sakharam Kulkarni and other prominent DSK Group figures. The probe revealed that funds from fraudulent deposit schemes were misappropriated and laundered, with the total proceeds of crime estimated at around Rs 1,129 crore.
The ED had previously provisionally attached assets worth about Rs 904 crore, which was later confirmed. A prosecution complaint was filed before the Special Court (PMLA) in Mumbai, marking the culmination of the ED's efforts in the case.
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