SBI-led consortium realises ₹792.11 cr. by sale of Kingfisher Airlines’ shares in Mallya case
The Hindu
ED had handed over shares to consortium
The on Friday realised ₹792.11 crore by sale of shares in the now defunct Kingfisher Airlines in the Vijay Mallya case. The Enforcement Directorate (ED) had handed over the shares to the consortium. 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. The accused persons have caused a total loss of ₹22,585.83 crore to them. As on date, assets worth 58% of the total loss have been returned to the banks or confiscated in favour of the Central government. The ED has attached or seized assets worth ₹18,217.27 crore in these cases under the Prevention of Money Laundering Act.
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