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HomeIndiaVijay, Nirav, Mehul Assets Worth Rs 9,371 Crore Transferred to Banks

Vijay, Nirav, Mehul Assets Worth Rs 9,371 Crore Transferred to Banks


The big news is coming on Vijay Mallya, Mehul Choksi and Nirav Modi. According to the tweet from the official Twitter handle of the Enforcement Directorate, the ED has so far attached and seized assets worth 18170 crores of Vijay Mallya, Mehul Choksi and Nirav Modi. This amount is about 80.45 per cent of the total loss of banks. The ED’s tweet further states that a significant part of the assets seized under PMLA has been transferred to public sector banks and the central government. This amount is Rs 9371 crore. Mehul Choksi alone defrauded Punjab National Bank of 13500 crores.

9,371 Crore Transferred to Banks

At present, Vijay Mallya, Mehul Choksi and Nirav Modi are the country’s three most wanted economic fugitives. Efforts are on to bring all three to India, and it is expected that soon these three countries will also be obtained. Together these three have defrauded the banks of thousands of crores. Meanwhile, a tweet has been made from the official Twitter handle of the Enforcement Directorate.

22585 crores defrauded banks

According to the information shared by ED, Vijay Mallya, Nirav Modi, and Mehul Choksi defrauded public sector banks to 22585 crores. The ED has also seized assets worth 18170 crores of these three. This is 80.45 per cent of the total loss. There is an asset of 969 crores in the Siege property abroad. So far, Rs 8441 crore has been returned to public sector banks.


Vijay Mallya denied permission to reach UK Supreme Court.

Presently Vijay Mallya has been arrested in London, Nirav Modi in London jail and Mehul Choksi in Dominica. The PMLA investigation is complete, and the ED has filed a case against all three. Extradition requests have been sent to the UK and Antigua-Barbuda to bring the three to India. Westminster Court approves Mallya’s extradition. The UK High Court has also approved it. Mallya has not been allowed to file a petition in the UK Supreme Court, due to which he will be brought to India very soon.

Nirav Modi jailed for two years in London.

Talking about Nirav Modi, Westminster Court has approved the extradition of Nirav Modi. He has been lodged in a London jail for the last two years. The Mumbai PMLA court has declared Mallya and Modi as economic fugitives.

6600 crore shares transferred to SBI consortium

Recently, ED has transferred Vijay Mallya’s shares worth 6600 crores to the SBI-led consortium on the orders of the PMLA Court. DRT has sold shares worth 5824.50 crores today in exchange for the SBI consortium. On June 25, shares worth 800 crores will be sold.


In this way, a total of 9371 crores of banks came.

The bank has already recovered Rs 1357 crore from these three till now. In this way, after the transfer of 8441.5 crores ED, the total recovery of banks becomes Rs 9041.5 crore. Apart from this, assets worth Rs 329.67 crore have been further seized. In this way, this figure increases to 9371.17 crores.

Ashish Kumar Mishra
Ashish Kumar Mishra
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

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