Rs 14,131.6 cr recovered from sale of Vijay Mallya’s assets: Sitharaman
The Finance Minister informed the Lok Sabha that the Enforcement Directorate (ED) has been successful in recovering assets from several high-profile economic offenders.
The Finance Minister informed the Lok Sabha that the Enforcement Directorate (ED) has been successful in recovering assets from several high-profile economic offenders.
Intolerance of economic crimes is not unique to India; Bernard Madoff the mastermind of the largest known Ponzi scheme, worth an estimated $18 billion, was sentenced by a US court to 150 years in prison, making people wonder if financial fraud was worse than violent crimes like rape and murder.
The engagement took place during a Halloween party, and Sidhartha shared the special moment with his followers on Instagram.
Mallya is currently in the United Kingdom and is being charged with a bank debt default case involving his defunct Kingfisher Airlines that involves over Rs 9,000 crore.
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.
The Indian banks were represented by the law firm TLT LLP and barrister Marcia Shekerdemian.
In 'Escaped: True Stories of Indian Fugitives in London' (Penguin), Danish Khan and Ruhi Khan, through eyewitness accounts and archival records, delve into these 12 cases to decode why London is an irresistible siren for Indian fugitives.
In May 2017, Mallya was found guilty of violating the top court order by siphoning away $40 million from his account.
The Enforcement Directorate (ED) is probing the alleged Rs 15 crore misappropriation of money angle in the case. In this regards, it has summoned Rhea Chakraborty for questioning.
