Consortium of banks realizes Rs 7,975.27 cr by sale of assets
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
The govt further said that the total proceeds of crime in the PMLA cases pending before the top court amounts to Rs 67,000 Crores.
Nirav Modi has been granted permission to appeal his extradition to India on two grounds. The is reviewing the next steps with the Government of India, a spokesperson said.
The judge noted that the arguments made under both grounds overlap in this case as they both rely principally on the appellant, Nirav Modi's mental ill-health.
The ED has attached several assets of Nirav Modi running into crores of rupees in connection with the case
A few days ago, detonators were fixed at various points on the bungalow - located around 110 km from Mumbai - to carry out the 'implosion' and bring it down in a single-shot.
In a prominent media notice on Wednesday, the SBI has demanded repayment of the loan amount sanctioned against various assets in Mumbai, Raigad, Nashik and Hyderabad belonging to Choksi, his family and group companies.
Earlier in September, the Enforcement Directorate (ED) had sent a reminder to Interpol about its application seeking a red corner notice against Choksi.
It revealed shocking details of how Nirav Modi and his uncle, Mehul Choksi, in connivance with some bank officials had duped the bank by issuing fraudulent Letters of Undertaking (LoUs) for the huge amount at PNB's flagship Brady House Branch in south Mumbai, since 2011.
There are around 175 such private residences in CRZ areas in villages such as Varsoli, Sasvane, Kolgaon and Dokvade, among others, belonging to several 'wealthy persons, including Modi, and several businessmen and film actors'.
