Mumbai: Special PMLA Court Allows ICICI Bank To Place ₹33.02 Crore Mehul Choksi Case Rental Income In Fixed Deposit
Mumbai, August 25, 2026: The special court allowed the plea filed by ICICI Bank to receive the rental income worth Rs 33 crores from a store located in a mall in Kolkata. The plea was moved in connection with properties attached in connection with the money laundering case lodged against Mehul Choksi. The bank had moved the plea seeking the amount of Rs 33 crores received by the Enforcement…
Mumbai, August 25, 2026 - The special court has granted ICICI Bank's request to hold ₹33.02 crores in fixed deposits, stemming from a money laundering case against Mehul Choksi. The plea centered on rental income from properties seized as part of the Enforcement Directorate's investigation. The bank sought permission to move the funds to its own account, with accumulated interest accruing until the property auction concludes.
The Enforcement Directorate has given its consent, but stipulated the funds must remain untouched until court proceedings are finalized. The court emphasized that preserving the interest earned would benefit the beneficiary more than allowing the funds to remain untouched. The deposited amount will be held in the name of the Special Court, PMLA Special Case No.9/2018, without any restrictions or claims from ICICI Bank.
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