The total assets attached by the ED are worth ₹18,170.02 crore. The Directorate of Enforcement has transferred seized assets worth ₹9371.17 crore to public sector banks that suffered losses due to financial frauds committed by fugitive businessmen Vijay Mallya, Mehul Choksi and Nirav Modi.
According to the information, Vijay Mallya, Mehul Choksi and Nirav Modi are the three most wanted economic fugitives in the country. The government is in the process of bringing all the three fugitives to India. It is expected that these fugitives will soon be in this country due to the efforts of the government.
"ED not only attached/seized assets worth of ₹18,170.02 crore (80.45% of the 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 ₹9371.17 Crore to the PSBs and Central Government," said the agency.
Mallya is accused of fraud and money laundering allegedly amounting to around ₹9,000 crore. He had left the country on 2 March 2016 and was declared an economic offender under the Fugitive Economic Offenders Act in January 2019. Choksi and Modi are wanted in India for ₹13,500 crore bank fraud in Punjab National Bank. They had fled the country in the first week of January 2018, weeks before the PNB scam rocked the Indian banking industry.