Vijay Mallya, Nirav Modi, Mehul Choksi's Assets Worth Rs. 9,371 Crore Transferred To State-Run Banks

Wednesday, 23 June 2021Newsdesk

Assets worth Rs. 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred to state-run banks to realise the losses on account of the fraud committed against them.

New Delhi, 23 June 2021

As per news report of NDTV, total Rs. 18,170.02 crore assets have been attached by the Enforcement Directorate so far, 80% of which is the the total bank loss.Vijay Mallya, Nirav Modi and Mehul Choksi - all facing extradition trials - have defrauded Public Sector Banks by siphoning off the funds through their companies which resulted in total loss of Rs. 22,585.83 crore to the banks.

Source -NDTV