Enforcement Directorate has transferred properties worth Rs 9,371 crore of fugitive accused Vijay Mallya, Nirav Modi and Mehul Choksi to state-run banks and central government to compensate for the loss. ED said that in the Vijay Mallya and PNB Bank fraud cases, 40% of the amount of the banks was recovered through sale of shares seized under the PMLA. The Enforcement Directorate tweeted that the ED has attached assets worth Rs 18,170.02 crore (80.45% of the total loss to the banks) under PMLA in the case of Vijay Mallya, Nirav Modi and Mehul Choksi. Nirav Modi is currently lodged in a London jail, while Mehul Choksi is lodged in a prison in Dominica. CBI is investigating against both and efforts are underway to extradite them to India.
Know more: ED Twitter