Banks consortium gets over Rs 792 crore in Vijay Mallya loan default case: ED
NEW DELHI: The consortium of banks led by State Bank of India (SBI) on Friday recovered Rs 792 crore from absconding businessman Vijay Mallya by selling shares of Kingfisher Airlines. The Enforcement Directorate, which had attached several assets and properties of Vijay Mallya, had handed over the shares to the consortium.
The ED, in a statement on Friday, said that the consortium has so far recovered Rs 7,181.50 crore by liquidating assets handed over to it by enforcement agency. On June 23 this year, the SBI-led consortium had realised Rs 5,824 crore by selling of Mallya’s shares in United Breweries to Heineken NV. Besides recoveries from Vijay Mallaya, the ED has also recovered money from fugitive businessmen Nirav Modi and Mehul Choksi.
