New Delhi: The Enforcement Directorate has given important information about fugitives who fled the country with money from various banks in the country. It said that along with confiscation of properties of Vijay Mallya, Nirav Modi, Mehul Choksi, part of it has also been transferred to the Central Government and public sector banks. The Enforcement Directorate (ED) has seized assets worth Rs 8441.5 crore of Vijay Mallya, Nirav Modi and Mehul Choksi and handed them over to public sector banks.
According to information received from ED, a total property worth Rs 18,170.02 crore of Vijay Mallya, Nirav Modi, Mehul Choksi has been seized. Out of this, property worth Rs 8,441.5 crore has been transferred to Public Sector Bank and Central Government. These banks were fraudulently slapped by the trio. The trio cheated banks through their companies and caused a loss of Rs 22,586.83 crore to banks. According to the CBI's FIR, ED took immediate action and traced transactions at home and abroad and assets abroad. Investigations revealed that the trio had cheated through fake companies under their control.
ED had initiated action to confiscate properties worth Rs 18,170.02 crore. These include assets worth Rs 969 crore stashed abroad. The total loss of the seized properties of banks so far is 80.45 per cent of Rs 22,585.83 crore. The ED investigation revealed that many of these properties were raised by the accused in the name of fake companies, third parties, relatives and trusts.