The Enforcement Directorate (ED) has transferred over ₹9,000 crore worth seized assets of fugitive businessmen Vijay Mallya, Mehul Choksi and Nirav Modi to public sector banks.
As per a tweet by the ED on Wednesday, total seized assets amount to ₹18,170 crore, which is almost 80% of the total loss to banks caused by the three fugitives. The ED mentioned that a part of seized assets of ₹9,371 crore was transferred to state-owned banks and the central government.