India
oi-Deepika S
New Delhi, June 23: Assets worth Rs 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred to state-run banks, who suffered losses, on account of the fraud committed against them.
Total assets worth Rs 18,170.02 crore has been seized by the Enforcement Directorate so far, 80% of which is the the total bank loss.
“The agency not only seized assets worth Rs 18,170.02 crore (80.45% of total loss to banks) in the case of Vijay Mallya, Nirav Modi and Mehul Choksi under PMLA but also transferred a part of attached/seized assets of Rs 9,371.17 crore to the PSBs and central government,” ED said.
Vjay Mallya
Vijay Mallya is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
A consortium of 17 banks that gave Mallya loans, led by State Bank of India, had sought restoration…
