15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
NDTV
The restored sum also includes Rs 1,052 crore from Nirav Modi and Rs 2,565 crore from Mehul Choksi, the Finance Minister said.
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman told Parliament Tuesday.
Ms Sitharaman told the Lok Sabha the Enforcement Directorate had, in total, restored properties worth Rs 22,280 crore to pay back debts of wanted individuals like Mr Mallya, Mehul Choksi, and Nirav Modi, and that the fight against economic offenders is set to continue.
The restored sum includes Rs 1,052 crore from Mr Modi and Rs 2,565 crore from Mr Choksi. A sum of Rs 17.5 crore in the National Spot Exchange Ltd, or NSEL, case was also restored.
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