New Delhi: The Directorate of Enforcement (ED) restored properties valued at Rs 40 crore to Indian Bank in connection with a money laundering investigation against Saravana Stores (Gold Palace) and its partners, an official said on Saturday.

Earlier, the ED had restored three properties valued at Rs 235 crore to the bank on February 17, 2025. In the same case, the official said, adding that the total restitution in this case now stands at Rs 275 crore.

The loan applicant allegedly caused a wrongful loss of Rs 312.13 crore to Indian Bank. The ED’s restoration of properties is being done in support of an application filed by the Indian Bank under Section 8(8) of the PMLA, 2002, the official said in a statement.

The ED initiated an investigation based on an FIR registered by the CBI under

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