New Delhi: A total of 9,371 crore assets of fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred to state-run banks to make up for the loss due to fraud against them. According to the information received, ED transferred attached properties worth Rs 8441.5 crore to public sector banks, which had suffered losses due to fraud by Vijay Mallya, Nirav Modi. Let us inform that three fugitive businessmen (Vijay Mallya, Nirav Modi and Mehul Choksi) have cheated the public sector banks by misappropriating huge amount through their companies, due to which the banks suffered a total loss of Rs 22,585.83 crore.
In this case, the CBI registered an FIR and the Enforcement Directorate unearthed countless cases of domestic and international transactions, as well as having assets abroad. Along with this, it also came to the fore in the investigation that all the three accused had embezzled the money provided by the banks in turn by using fake institutions.
Taking immediate steps in the case, the Enforcement Directorate attached assets worth more than Rs 18,170 crore, which includes assets worth Rs 969 crore located abroad. The total assets seized so far is 80.45 per cent of the losses incurred by the banks. ED’s investigation has revealed that a large part of most of the properties were kept in the name of some fake company, third party or trust.