SBI consortium gets Rs792 cr in Mallya loan default case

The Enforcement Directorate (ED) today said a consortium of banks led by SBI has realised Rs 792.11 crore by sale of shares in connection with a loan fraud case involving Kingfisher Airlines and Vijay Mallya.

Officials said the ED had handed over shares with a market value of the same amount to the banks, which had earlier also realised Rs 7,181.50 crore by liquidating assets handed over to them.