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ED transfers assets worth Rs. 8441 Cr to banks cheated by Vijay Mallya
Posted
June 23, 2021
Views
8,675
Likes
71
Comments
8
Engagement
0.91%
June 23, 2021
8,675
71
8
0.91%
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3:08Now PlayingThe ED has transferred the attached assets worth Rs 8,441.5 crore to the public sector banks who suffered losses due to the frauds committed by Vijay Mallya, Nirav Modi, and Mehul Choksi. On Wednesday, an ED statement said that Vijay Mallya, Nirav Modi, and Mehul Choksi have defrauded public sector banks by siphoning off the funds through their companies, which resulted in a total loss of Rs 22,586 crore to the banks. The ED has transferred shares attached by its worth of Rs 6,600 crore to an SBI-led consortium as per the order of the Prevention of Money Laundering Act Special Court, Mumbai. Watch!
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