Vijay Mallya, Nirav Modi, and Mehul Choksi Assets seized: The assets of Vijay Mallya, Nirav Modi, and Mehul Choksi, who went bankrupt due to bank fraud, have been seized. Assets worth Rs 18,170 crore were seized. Of this, assets worth Rs 9,371 crore were handed over to the banks, and the central government
Foreclosed assets account for only 80.45 percent of the amount lost to banks. The fraudulent banks will get Rs 8,445 crore.
As of today, assets worth Rs 8,441 crore have been transferred to banks. As per the court order, Rs 800 crore has to be transferred by June 25. The probe agency told national media that it expects to receive the proceeds from the sale of the shares by June 25. The ED attached shares (Rs 6,600 crore) have been transferred to a consortium of SBI-led banks as per the directions of the PMLA Special Court in Mumbai.