ED restores over ₹300 crore for ex-employees of Kingfisher Airlines
New Delhi, Dec 18 (PTI) The Enforcement Directorate on Thursday said it has restituted funds worth more than ₹300 crore towards long-pending dues of the former workers of now defunct Kingfisher Airlines that was promoted by fugitive liquor baron Vijay Mallya.
The restoration has been enabled pursuant to an order issued on December 12 by the Debts Recovery Tribunal (DRT) located at Chennai directing release of funds realised from the sale of attached shares which had been earlier restituted to State Bank of India by the ED under the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement.
