The Enforcement Directorate (ED) on Tuesday transferred assets worth Rs 8441 crore to the banks that suffered losses due to the frauds of Vijay Mallya, Nirav Modi, and Mehul Choksi.

The three fugitives cheated the public sector bank for Rs 22,586 crore, out of which 80% has been now seized by the ED.

Now assets worth Rs 9,371 crores have been transferred to the banks which only consists of 40% of the banks' losses. The agency further said these include assets worth Rs 329.67 crores that were confiscated.

ED took to Twitter saying, “ED not only attached/ seized assets worth of Rs. 18,170.02 crore (80.45% of a total loss to banks) in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi under the PMLA but also transferred a part of attached/ seized assets of Rs. 9371.17 Crore to the PSBs and Central Government.”

Check out the post here-

ED not only attached/ seized assets worth of Rs. 18,170.02 crore (80.45% of total loss to banks) in case of Vijay Mallya, Nirav Modi and Mehul Choksi under the PMLA but also transferred a part of attached/ seized assets of Rs. 9371.17 Crore to the PSBs and
Central Government.

— ED (@dir_ed) June 23, 2021

The release also said, “The ED said that it unearthed the money trail by exposing a web of domestic and international transactions and stashing of assets abroad. The investigation revealed that the three accused used dummy entities controlled by them for rotation and siphoning off the funds provided by the banks.”

Here’s what people have to say about this-

Bhai pehle normal wala aa jaye.. baad me le lena interest

— iceman_Jishnu (@Jishnusur16) June 23, 2021

Bhagwan kare mudi jaisa dost kisi ko na de jisne ye sab kiya pehle bhagaya fir sab vasool liya.... Raul gandi ne kiya hoga ye bhi

— parva nai (@GT33721487) June 23, 2021

With Interest . Becharey boltey boltey thak gaye Mul lelo ek baar me lelo saara le lo. Lekin ED - na beta na Mainey toh total wid interest lena se. Ek ek karke sabki maarenge.... Raid.

— Amit Kumar (@amitkr12jan) June 23, 2021

Good job. But the icing on the cake will be visible only when the courts make a final order to effect the recovery.

— Prakash Sharma (@pcsbsf1958) June 23, 2021

Really really awesome. Give back that strength, that PSU bank balancesheets are known for.

— Ashish Prajapati 🇮🇳 (@ashishp1209) June 23, 2021

Congratulations for making it possible

— sweta (@swepand) June 23, 2021

One of the greatest achievements of GoI.

— Suresh Kumar A (@NikeSuresh25) June 23, 2021

The agency also said that extradition requests have been sent to countries where the three fugitives are living.

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