From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list
2 weeks, 5 days ago

From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list

Live Mint  

From fugitive Vijay Mallya, Nirav Modi to Mehul Choksi — the Enforcement Directorate has restored properties worth ₹22,280 crore — said Finance Minister Nirmala Sitharaman on Tuesday. Recovery from Vijay Mallya Sitharaman said that ₹14,131.6 crore worth properties belonging to fugitive Vijay Mallya have been restored to public sector banks. Here's the full list Nirav Modi: ₹1,052.58 crore has been restored to the Public and Private Sector Banks. SRS Group: ₹20.15 crores Rose Valley Group: ₹19.40 crore Surya Pharmaceuticals: ₹185.13 crore Nowhera Sheikh and Others : ₹226 crore Naidu Amrutesh Reddy and Others: ₹12.73 crore Mehul Choksi and Others: ₹2,565.90 crore Nafisa Overseas and Others: ₹25.38 crore Bhushan Power and Steel : The Supreme Court ordered the restitution of assets worth ₹4,025 crores to JSW vide its December order.

Finance Crore Nirav Modi Vijay Mallya Mallya Nirav Worth Assets  money  ed  foreign  vijay  restored  finance  crore  highprofile  worth  assets  modi  restores  list  group  minister  mallya  nirav

History of this topic

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered
2 weeks, 3 days ago

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered

Firstpost  

Vijay Mallya claimed that the Indian banks have recovered more than double the amount owed in the Kingfisher Airlines case and said despite that he is labelled as ’economic offender’. The fugitive businessman also said that he is ’entitled to relief’ after Finance Minister Nirmala Sitharaman told the Parliament that PSUs have recovered Rs 14,131.60 crore from sale of assets …

Vijay Mallya claims has paid double his debt, now ‘entitled to relief’
2 weeks, 3 days ago

Vijay Mallya claims has paid double his debt, now ‘entitled to relief’

Hindustan Times  

Vijay Mallya, the fugitive businessman, has sparked a fresh controversy by claiming that banks have recovered more than twice the amount he owed. In a recent social media post, Mallya stated that banks have recovered ₹14,131.60 crore from him, whereas the Debt Recovery Tribunal had adjudged the Kingfisher Airlines debt at ₹6,203 crore, including ₹1,200 crore of interest. What Nirmala …

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes
2 weeks, 3 days ago

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes

Live Mint  

On-the-run Indian Premier League founder Lalit Modi's birthday wishes for Vijay Mallya on X today led to the fugitive liquor baron replying: “We have both been wronged”. Big big hug.” To this, Mallya replied: “Thank you my dearest friend….we both have been wronged in a Country we tried to contribute to.” Mallya Takes Aim At Sitharaman Notably, on December 18, …

Will pursue relief for ED, banks taking twice debt owed: Vijay Mallya
2 weeks, 4 days ago

Will pursue relief for ED, banks taking twice debt owed: Vijay Mallya

Live Mint  

New Delhi, Dec 19 Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. In a series of posts on social media platform X, Mallya said, "The Debt Recovery Tribunal adjudged the KFA debt at ₹6203 crore including ₹1200 crore of interest." On Tuesday, …

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech
2 weeks, 4 days ago

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech

ABP News  

Day after Finance Minister Nirmala Sitharaman said that the Enforcement Directorate has recovered properties worth 14,131.6 crore from Vijay Mallya, the fugitive businessman said he is entitled to relief and asked the government agencies to justify how they have taken more than two times the debt. The FM announced in Parliament that through the ED,Banks have recovered Rs 14,131.60 crores …

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?
2 weeks, 4 days ago

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?

Live Mint  

Hitting back at FM Nirmala Sitharaman's claim of recovering properties worth ₹14,131.6 crore, fugitive liquor baron Vijay Mallya on Wednesday said that he is entitled for relief and the agencies should legally justify how they have taken more than two times the debt. Responding to FM Sitharaman's claim Mallya said that debt recovery tribunal has adjusted his debt at ₹6203 …

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman
2 weeks, 5 days ago

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman

New Indian Express  

NEW DELHI: Finance Minister Nirmala Sitharaman has listed several major cases where the Directorate of Enforcement has from time to time attached properties of individuals and companies connected to economic offence cases. Replying to the debate on Supplementary Demands for Grants - First Batch for 2024-2025, the finance minister apprised the Lok Sabha Tuesday evening that the central enforcement agency …

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister
2 weeks, 5 days ago

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister

India Today  

Union Finance Minister Nirmala Sitharaman on Tuesday revealed that the Enforcement Directorate has successfully restored assets worth Rs 22,280 crore to victims and rightful claimants, asserting the government's relentless commitment to combating economic offenders. The Finance Minister pointed out that among the major cases, the ED has recovered properties valued at Rs 14,131.6 crore belonging to fugitive businessman Vijay Mallya, …

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha
2 weeks, 5 days ago

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha

ABP News  

Finance Minister Nirma Sitharaman on Tuesday said the Enforcement Directorate has successfully retrieved properties worth Rs 22,280 crores from economic offenders, including Rs 14,131 crore from Vijay Mallya and Rs 1,052 from Nirav Modi. In Vijay Mallya case, 14,131.6 crore has been recovered and the complete amount of the attached property has been restored to the public sector banks." "In …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
3 weeks, 5 days ago

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case

Hindustan Times  

Mumbai: A special court in Mumbai on Tuesday permitted the monetisation of properties worth ₹2,565.9 crore that were attached or seized by the Enforcement Directorate since 2018 as part of its money laundering investigation against fugitive diamantaire Mehul Choksi in the alleged Punjab National Bank fraud. Mehul Choksi The court's decision followed an application from the victim banks, Punjab National …

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case
Trending News
3 weeks, 6 days ago

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case

India Today  

The Enforcement Directorate, Mumbai, has successfully handed over properties worth more than Rs 125 crore to the liquidator of Gitanjali Gems Ltd. Following an application supported by the ED, the Special PMLA Court in Mumbai approved the monetisation of properties worth Rs 2,565.90 crore linked to Mehul Choksi. PROPERTIES HANDED OVER As per the court’s order, ED initiated the transfer …

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
3 months, 3 weeks ago

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore

Live Mint  

The Enforcement Directorate on Wednesday said it has provisionally attached “proceeds of crime” in the form of immovable properties and bank balances amounting to ₹29.75 crore in a case related to Punjab National Bank fraud by fugitive businessman Nirav Modi. In a statement, the ED said: “During course of investigation, assets worth ₹29.75 Crore of Nirav Modi & his group …

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED
3 months, 3 weeks ago

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹29.75 crore belonging to fugitive businessman Nirav Modi, as part of its ongoing investigation into the ₹6,498 crore Punjab National Bank fraud case, officials said on Wednesday. Nirav Modi, the mastermind behind the PNB scam, has been fighting extradition from the UK, where authorities arrested him in 2019. The scam, uncovered in …

PM Modi election affidavit: no car, no house, no case; assets total  ₹3 crore mostly in fixed deposits
7 months, 3 weeks ago

PM Modi election affidavit: no car, no house, no case; assets total  ₹3 crore mostly in fixed deposits

The Hindu  

Prime Minister Narendra Modi possesses assets amounting to a little over ₹3 crore, most of it in bank fixed deposits, according to his election affidavit. As required, Mr. Modi submitted the affidavit while filing his nomination papers on May 14 as a candidate from the Varanasi parliamentary constituency, a seat he has held twice earlier. Other assets include four gold …

PM Modi in Kerala: Kerala bank scam victims will get back their money
8 months, 3 weeks ago

PM Modi in Kerala: Kerala bank scam victims will get back their money

The Hindu  

Prime Minister Narendra Modi, who attended an election campaign of the NDA at Kunnamkulam in Kerala’s Thrissur district on April 15 promised to “return” the investors’ money at Karuvannur Service Co-operative Bank which has been seized by the Enforcement Directorate. The Chief Minister has been lying for the last three years by promising to return the money,” said Mr. Modi. …

’PM Modi looted public’s hard earned money through banks’, alleges Congress chief Mallikarjun Kharge
9 months ago

’PM Modi looted public’s hard earned money through banks’, alleges Congress chief Mallikarjun Kharge

Live Mint  

Congress chief Mallikarjun Kharge accused Prime Minister Narendra Modi and his government of looting citizen's "hard-earning money through banks". "Modi saheb, banks play a major role in the country's economy, and you have used banks to destroy the unorganized sector and MSMEs.the public's hard-earned money has been looted through banks," he said. In one of three points, Kharge said, "In …

PM Modi to unveil development projects worth more than ₹34,800 crore in Bihar
10 months ago

PM Modi to unveil development projects worth more than ₹34,800 crore in Bihar

The Hindu  

Prime Minister Narendra Modi will unveil development projects worth more than ₹34,800 crore in Bihar on March 2. “Besides, PM Modi will unveil multiple projects in the oil and gas sector, worth about ₹1.48 lakh crore, spread across various States, from Patna,” an official statement said. This will be PM Modi's first visit to Bihar since the BJP-led NDA got …

Canara Bank was top lender to public sector cos in FY23
1 year, 5 months ago

Canara Bank was top lender to public sector cos in FY23

Live Mint  

Public Sector Banks lent ₹4.12 trillion to state-backed corporations and public sector undertakings during 2022-23, down from ₹4.93 trillion during the previous year, finance minister Nirmala Sitharaman informed Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 5 months ago

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore

Hindustan Times  

The Punjab National Bank on Wednesday filed a petition before the special PMLA court seeking release of fugitive diamond trader Nirav Modi’s properties worth ₹71.16 crore which had been attached by the Enforcement Directorate. PNB moves court, seeks release of Nirav Modi’s properties worth ₹ 71.16 crore The agency is probing the ₹13,850-crore loan fraud at the public sector bank. …

PM Modi Brings Up Extradition of Vijay Mallya, Nirav Modi with UK in Every Meet: Harish Salve
1 year, 5 months ago

PM Modi Brings Up Extradition of Vijay Mallya, Nirav Modi with UK in Every Meet: Harish Salve

News 18  

Prime Minister Narendra Modi has brought up the issue of extradition of fugitives Vijay Mallya and Nirav Modi in every India-UK trade related meeting, senior Advocate Harish Salve has revealed. “The British always complain that the moment we have a meeting, the first question PM Modi asks is, where are Vijay Mallya and Nirav Modi?” Salve said in an interview …

Only Mehul Choksi, Nirav Modi and Vijay Mallya now left to be inducted into BJP: Shiv Sena (UBT)
1 year, 6 months ago

Only Mehul Choksi, Nirav Modi and Vijay Mallya now left to be inducted into BJP: Shiv Sena (UBT)

The Hindu  

Days after Nationalist Congress party leader Ajit Pawar joined the Maharashtra government, the Shiv Sena on July 5 claimed that only alleged economic offenders Mehul Choksi, Nirav Modi and Vijay Mallya were left to be inducted into the BJP. Maharashtra NCP crisis | Post-Ajit Pawar’s rebellion, president Sharad Pawar stages massive show of strength in Satara On Sunday, Ajit Pawar …

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'
1 year, 9 months ago

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'

News 18  

The Central Bureau of Investigation in its supplementary chargesheet filed in a Mumbai court has said that beleaguered businessman Vijay Mallya had enough funds with him to repay banks before he fled, but used that money to buy properties abroad instead. The CBI in its supplementary chargesheet said Vijay Mallya bought properties worth Rs 330 crore in England and France …

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI
1 year, 9 months ago

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI

Live Mint  

Vijay Mallya bought properties worth ₹330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron, the CBI has claimed in its supplementary chargesheet filed in a court here. Mallya is an accused in the alleged over ₹900 …

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman
1 year, 11 months ago

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman

Firstpost  

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Prime Minister Narendra Modi-led Central government is committed to privatisation and will move forward with disinvestment and asset monetisation plans, especially where Cabinet approvals are in place. Asked about the reason why disinvestment and asset monetisation were omitted from the Union Budget, Sitharaman, in an exclusive interview with Network18 Group …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
1 year, 11 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

Banks write off loans worth Rs 11.17 lakh crore in last 6 years
2 years ago

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

Deccan Chronicle  

NEW DELHI: Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday. "As per RBI data, public sector banks and scheduled commercial banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years," …

Parliament proceedings | Loans worth 10.09 lakh crore written off in 5 years: FM Nirmala Sitharaman
2 years ago

Parliament proceedings | Loans worth 10.09 lakh crore written off in 5 years: FM Nirmala Sitharaman

The Hindu  

Loans amounting to over ₹10.09 lakh crore have been written off by scheduled commercial banks in the past five financial years but the process of recovery of dues from the NPA accounts is an on-going process, Finance Minister Nirmala Sitharaman told the Lok Sabha on December 19, 2022. Ms Sitharaman said RBI data point to public sector banks recovering ₹4,80,111 …

ED to confiscate Nirav Modi's properties worth Rs 500 crores
2 years, 2 months ago

ED to confiscate Nirav Modi's properties worth Rs 500 crores

India Today  

A special court in Mumbai has allowed the Enforcement Directorate to confiscate 39 properties of fugitive diamantaire Nirav Modi. Advocates Hiten Venegaokar and Arvind Aghav appearing for ED, had argued for confiscation of Modi's 48 properties, valued at Rs 929 crores, under the Fugitive Economic Offenders Act. However, PNB which is at the centre of the scam and had faced …

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong
2 years, 5 months ago

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong

Firstpost  

Nirav Modi, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is being investigated by the CBI New Delhi: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond …

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group
2 years, 5 months ago

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group

The Quint  

The ED said the extradition proceedings are at "final stage in London, UK." It said that with the latest attachment, the total seizure of assets against Nirav Modi stands at Rs 2,650.07 crore. "Also, movable and immovable assets of Nirav Modi and his associates amounting to Rs 1,389 crore have been confiscated under provisions of the Fugitive Economic Offenders Act, …

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED
2 years, 5 months ago

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED

India Today  

The Enforcement Directorate has attached properties, jewellery and bank balances, amounting to Rs 253.62 crore, belonging to fugitive jeweler Nirav Modi under the Prevention of Money Laundering Act. Some assets of Nirav Modi were identified in the form of gems and jewellery lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under …

ED attaches Nirav Modi’s movable properties worth ₹253 cr
2 years, 5 months ago

ED attaches Nirav Modi’s movable properties worth ₹253 cr

Live Mint  

The Enforcement Directorate has attached movable properties like gems, jewellery and bank balances amounting to ₹253.62 crore in the case of Nirav Modi group of companies in Hong Kong, the agency said on Friday. If Modi wins this appeal hearing in the High Court, he cannot be extradited unless the Indian government is successful in getting permission to appeal at …

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others
2 years, 5 months ago

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others

Live Mint  

On July 11, the Supreme Court handed down a four-month term in a contempt case against fugitive tycoon Vijay Mallya, who was charged in a bank loan default case involving his disbanded Kingfisher Airlines and a debt of over ₹9,000 crore. Nirav Modi Jeweller and fashion designer Nirav Modi is charged with defrauding Punjab National Bank of ₹14,000 crore in …

RS polls: With three candidates in fray for fourth seat, it’s a cliffhanger
2 years, 7 months ago

RS polls: With three candidates in fray for fourth seat, it’s a cliffhanger

The Hindu  

The election to the fourth Rajya Sabha seat could become a cliffhanger for candidates of the three political parties as back channel talks between the Congress and Janata Dal to withdraw Congress candidate from the fray failed, raising fears of cross voting. Kupendra Reddy is richest Among the six candidates in fray for four Rajya Sabha seats from Karnataka, JD …

'Want them taken back for trial': UK PM on Vijay Mallya, Nirav Modi extradition
2 years, 8 months ago

'Want them taken back for trial': UK PM on Vijay Mallya, Nirav Modi extradition

Hindustan Times  

The United Kingdom has ordered the extradition of Vijay Mallya and Nirav Modi and 'we want them taken back to India for trial', British prime minister Boris Johnson told reporters Friday after a meeting with prime minister Narendra Modi. New Delhi: British Prime Minister Boris Johnson during the joint statement with Prime Minister Narendra Modi at the Hyderabad House, in …

Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC
2 years, 10 months ago

Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC

India Today  

The government has informed the Supreme Court that Rs 18,000 crore have returned to banks from Vijay Mallya, Nirav Modi, and Mehul Choksi. Solicitor General Tushar Mehta told the bench that in money laundering cases relating to Vijay Mallya, Mehul Choksi, and Nirav Modi, the Enforcement Directorate has confiscated around Rs 18,000 crore by the orders of the courts following …

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi
2 years, 10 months ago

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi

Op India  

The Central Government has told to the Supreme Court that Rs 18000 crore have been returned to the banks which were stifled by fugitives Vijay Mallya, Nirav Modi, and Mehul Choksi until now. While comparing the numbers with the global data, Tushar Mehta added, “very small number of cases are being taken up for investigation under the PMLA as compared …

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government
2 years, 10 months ago

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government

Hindustan Times  

Banks have recovered ₹18,000 crore from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, Solicitor General Tushar Mehta told the Supreme Court on Wednesday. Mehta told the top court bench, led by Justice AM Khanwilkar, that the value of cases registered under the Prevention of Money Laundering Act against Mallya, Modi, and Choksi is now ₹67,000 crore. Vijay Mallya is …

Rs 18,000 crore returned to banks from Vijay Mallya, Nirav Modi, Mehul Choksi: Centre tells SC
2 years, 10 months ago

Rs 18,000 crore returned to banks from Vijay Mallya, Nirav Modi, Mehul Choksi: Centre tells SC

India TV News  

Highlights Rs 18,000 crore have been returned to the banks in the case of Mallya, Nirav, and Mehul. The top court is hearing a clutch of petitions, challenging the wide scope of powers available to ED Solicitor General Tushar Mehta on Wednesday informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of …

‘Govt recovers ₹13,109 cr by selling assets of defaulters’
3 years ago

‘Govt recovers ₹13,109 cr by selling assets of defaulters’

Live Mint  

The government has recovered over ₹13,109 crore by selling assets of defaulters such as Nirav Modi, Vijay Mallya, and Mehul Choksi as of July this year, finance minister Nirmala Sitharaman said Monday. “A total of ₹13,109.17 crore has been recovered from the asset sales of Vijay Mallya, Nirav Modi, and Mehul Choksi as of July 2021 as per the information …

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM
3 years ago

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM

Op India  

Union Finance Minister Nirmala Sitharaman on Monday informed how banks have collected roughly Rs 13,109 crore from asset sales of defaulters such as fugitive diamantaire Nirav Modi, Mehul Choksi, and erstwhile liquor baron Vijay Mallya. Fugitive businessman and prime accused in the Rs 14,000 crore PNB scam, Nirav Modi is currently lodged in the Wandsworth jail in southwest London and …

Banks recovered ₹13,100 crore from assets sale of defaulters like Vijay Mallya, Nirav Modi: Nirmala Sitharaman
3 years ago

Banks recovered ₹13,100 crore from assets sale of defaulters like Vijay Mallya, Nirav Modi: Nirmala Sitharaman

Hindustan Times  

Finance Minister Nirmala Sitharaman on Monday said that banks have recovered ₹13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. Of which, she said, ₹2.99 lakh crore is the additional cash outgo because of big ticket expenditure going for Air India and rise in fertilizer subsidy due to firming up of global prices. As …

Bihar: ED attaches assets worth Rs 7 crore of ex-Bhagalpur official
3 years, 2 months ago

Bihar: ED attaches assets worth Rs 7 crore of ex-Bhagalpur official

India Today  

The Enforcement Directorate attached illegal assets worth Rs 7 crore of Jayshree Thakur, a former Additional District Magistrate of Bihar’s Bhagalpur, and her family members under the Prevention of Money Laundering Act linked to an alleged disproportionate assets case. The attached assets include 15 plots of land, a flat, a bank balance in 42 different accounts, 12 different insurance policies …

Properties Worth Rs 500 Crore of Nirav Modi Firms Restored to Punjab National Bank
3 years, 4 months ago

Properties Worth Rs 500 Crore of Nirav Modi Firms Restored to Punjab National Bank

News 18  

A special court here on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi 's firms to Punjab National Bank. This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi’s companies being restored in this manner now standing at approximately Rs 1,000 …

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB
3 years, 4 months ago

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB

India TV News  

A special court in Mumbai on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi's firms to Punjab National Bank. This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi's companies being restored in this manner now standing at approximately Rs 1,000 …

Fugitive economic offender Vijay Mallya declared bankrupt by London court
3 years, 5 months ago

Fugitive economic offender Vijay Mallya declared bankrupt by London court

Op India  

On July 26, the Insolvency and Companies Court of the London high court declared Indian fugitive and businessman Vijay Mallya bankrupt. In a tweet Mallya said, “ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who recover 9K crores in cash and retain security over 5K crores …

Top news of the day: SBI-led consortium realises ₹792.11 crore by sale of Kingfisher Airlines shares; Modi says rise in COVID-19 cases in Kerala and Maharashtra cause of grave worry, and more
3 years, 5 months ago

Top news of the day: SBI-led consortium realises ₹792.11 crore by sale of Kingfisher Airlines shares; Modi says rise in COVID-19 cases in Kerala and Maharashtra cause of grave worry, and more

The Hindu  

Vijay Mallya case | SBI-led consortium realises ₹792.11 crore by sale of Kingfisher Airlines shares In the cases involving Mr. Mallya, diamond merchant Nirav Modi and his uncle Mehul Choksi, the ED has so far transferred assets worth ₹12,762.25 crore to public sector banks. While interacting with Chief Ministers of Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala, Narendra …

SBI-led bank consortium gets Rs 792 crore by sale of Kingfisher Airlines' shares in Vijay Mallya case
3 years, 5 months ago

SBI-led bank consortium gets Rs 792 crore by sale of Kingfisher Airlines' shares in Vijay Mallya case

India TV News  

The State Bank of India-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 792.11 crore in its accounts after some shares, earlier attached under the anti-money laundering law, were sold, the Enforcement Directorate said. Apart from the Mallya case, the other case pertains to over Rs 13,500 crore alleged bank loan cheating in the Brady …

ED hands over shares worth 792 cr to SBI-led consortium of banks from fugitives Vijay Mallya, Nirav Modi and Choksi
3 years, 5 months ago

ED hands over shares worth 792 cr to SBI-led consortium of banks from fugitives Vijay Mallya, Nirav Modi and Choksi

Op India  

On Friday, a consortium of banks led by the State Bank of India recovered ₹792.11 crores from fugitives and wilful defaulters such as Vijay Mallya, Nirav Modi, and Mehul Choksi. 13,109.17 Crore have been handed over to Bank/ confiscated to GOI in case of Vijay Mallya, Nirav Modi and Mehul Choksi. — ED July 16, 2021 The nationalised banks have …

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