By Admin 
Solicitor General Tushar Mehta told the Supreme Court on Thursday (August 7, 2025) that the Enforcement Directorate (ED) distributed black money worth about Rs 23,000 crore to those who are suffering from financial fraud.
According to the report of PTI, the top law officer made this statement in front of the Special Bench of Chief Justice Bhushan Ramakrishna Gavai and Jasstishish Chandra Sharma. The bench was hearing petitions requesting reconsideration on the controversial decision of May 2 of the Supreme Court.
On May 2, the Supreme Court rejected the JSW Steel Samadhan Yojana for Bhushan Steel and Power Limited (BSPL) and described it as a violation of the Insolvency and Debt Laundering Code (IBC). The court ordered the liquidation of BSPL under the IBC.
The bench headed by Chief Justice BR Gavai on 31 July withdrew the decision and decided to renew the reconsideration petitions related to it. During the hearing on these petitions, a lawyer also cited an investigation of the Enforcement Directorate in the BPSL case.
The Chief Justice took a dig at this and said, ‘ED is also present here.’ In response, the Solicitor General said, “I want to tell a fact that has never been said in any court and that is … The ED has recovered Rs 23,000 crore (black money) and given it to the victims.” The law officer said that the recovered money does not remain in the government treasury and is given to the victims of financial crimes.
CJI BR Gawai asked, what is the rate of punishment? ‘ SG Tushar Mehta said that the rate of punishment in punitive crimes is also very low and he cited the flaws of the country’s criminal justice system as the main reason for this. To this, the Chief Justice said, “Even though he has not been convicted, you have been successful in punishing him (the accused) almost without any hearing.”