Including this amount, the ED has so far transferred attached assets worth Rs 8441.5 Crore to state run banks that have suffered losses due to frauds by Vijay Mallya, Nirav Modi and Mehul Choksi.
Further, a realisation of Rs 800 crore by sale of shares is expected by 25th of June, it said.
Public Sector Banks have already recovered Rs 1357 Crore by selling the shares earlier and their total realisation totals to Rs 9041.5 crore through sale of a part of assets attached or seized by the ED under the provisions of Prevention of Money Laundering Act.
As on date, out of total attached or seized assets of Rs. 18,170.02 crore under provisions of PMLA, assets worth of Rs 329.67 crore has been confiscated and assets worth Rs 9041.5 Crore, representing 40% of total loss to the bank have been handed over to the Public Sector banks, the note added.
Finance minister Nirmala Sitharaman tweeted :”Fugitives & economic offenders will be actively pursued; their properties attached & dues recovered. PSBs have already recovered ?1357 Cr by selling such shares. A total of ?9041.5 Cr shall be realised by banks through sale of such attached assets.”
The statement said ED has also taken immediate steps to attach or seize assets worth Rs. 18,170.02 crore which included assets worth of Rs. 969 crore located in foreign countries.
The quantum of the attached and seized assets represents 80.45% of total bank loss of Rs. 22,585.83 crore.
“Vijay Mallya, Nirav Modi and Mehul Choksi have defrauded Public Sector Banks by siphoning off the funds through their companies which resulted in total loss of Rs. 22,585.83 crore to the banks,” the ED said adding that its investigation had proved that a substantial part of these assets were held in the names of dummy entities or trusts or third persons or relatives of these accused and these entities were proxy of these accused to hold these assets.
“Investigation has also irrevocably proved that these three accused persons used dummy entities controlled by them for rotation and siphoning off the funds provided by the banks,’ it said.
Prosecution complaints have been filed against all the three accused after completion of PMLA investigation, the statement said adding that extradition requests have been sent for the three to UK and Antigua and Barbuda. Extradition of Vijay Mallya has been ordered by the Westminster Magistrates Court and confirmed by the UK High Court.
“Since, Vijay Mallya has been denied permission to file an appeal in the UK Supreme Court, his extradition to India has become final,” it said.
The Westminster Magistrates Court has ordered the extradition of Nirav Modi to India. Modi has been in London Jail for the last two years and three months on the basis of an extradition request by India. Nirav Modi and Vijay Mallya have also been declared Fugitive Economic Offenders by PMLA Court in Mumbai.
