ED crackdown on fugitives Choksi, Mallya & Nirav; 792 cr handed over to the consortium

New Delhi: The Enforcement Directorate (ED) on Friday (July 16) said that a consortium of lenders led by State Bank of India has realized another Rs 792.11 crore by sale of shares belonging to Vijay Mallya, Nirav Modi and Mehul Choksi, which were handed over to them by the ED. With this total recovery from the sale of Vijay Mallya assets, Nirav Modi and Mehul Choksi now stand at Rs 13,109.17 crore, the ED said. The ED has attached the assets under the Prevention of Money Laundering Act (PMLA). Vijay Mallya, the owner of the now-defunct Kingfisher Airlines, owes more than Rs 9,000 crore to a consortium of banks in principal and interest. Watch Now!

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