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.
Three firms participated in the auction, held with a minimum bid price of Rs 1.75 crore for each copter of model 2008, last flown in 2013.
Addressing a rally in Kurnool in Rayalaseema region, Gandhi accused the Prime Minister of failing to keep the promises made to the people of AP at the time of bifurcation.
The consortium banks, therefore, recalled the credit facilities and also invoked corporate guarantee of UBHL and personal guarantee of Mallya, it alleged.
A Red Corner Notice has been issued by the Interpol against Nirav Modi his brother Neeshal Modi and sister Purvi Modi, who are Belgian citizens.
Gandhi alleged that AK Sharma, a Gujarat-cadre officer in the CBI played a crucial role in weakening the lookout notice against Mallya.
