ED transfers Rs 9,371 cr assets seized in Mallya, Nirav cases to PSBs, govt
The Enforcement Directorate (ED) on Wednesday transferred seized assets worth Rs 9,371.17 crore in the cases related to Vijay Mallya, Nirav Modi, and Mehul Choksi, to Public Sector Banks (PSBs) and Central Government.
Assets worth Rs 18,170.02 crore have so far been seized by the ED.
“Enforcement Directorate (ED) not only seized assets worth Rs 18,170.02 crore (80.45% of the 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 9371.17 crore to the PSBs and Central Govt,” ED informed in a tweet.
The ED, in a press release elaborated, “As on date, out of the total seized assets of Rs. 18,170.02 crore, under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA),
