ED transfers assets worth ₹ 9,371 crore

vijay mallya nirav modi mehul choksi 1624430475
Image Source: India TV News

On Tuesday, the Enforcement Directorate(ED) transferred assets worth ₹ 9,371 crore to banks who suffered losses due to frauds of Vijay Mallya, Nirv Modi and Mehul Choksi.

80.45% (18,170 crore of) ₹ 22,586 crore of these fugitives has been attached/seized by ED, said the agency. Shares worth ₹ 5,800 crore of United Breweries Limited(UBL) of Vijay Mallya had been sold by DRT that were earlier attached under the anti-money laundering law. 

Kunal Kushwaha is the Founder of Surkhiyaa. He is an aspiring journalist who looks forward to provide unbiased and precise information. He strives to create Surkhiyaa as a platform that acknowledges core journalistic ethics. Kunal Kushwaha can be reached out kkunal.kushwaha.17@gmail.com

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