SBI-led consortium recovers another Rs 792 cr by selling shares of Vijay Mallya, Choksi, Nirav Modi: ED

New Delhi, July 16

The Enforcement Directorate (ED) on Friday informed that a consortium led by the State Bank of India (SBI) has recovered another Rs 792.11 crores by the sale of shares belonging to fugitive businessmen Vijay Mallya, Nirav Modi, and Mehul Choksi.

The realized was handed over by the ED to the consortium of banks. With this, the total recovery from the sale of assets of Mallya, Modi, and Choksi now stands at Rs 13,109.17 crores, according to an official statement.

While Mallya, the owner of the now-defunct Kingfisher Airlines, owes more than Rs 9,000 crore to a consortium of banks in principal and interest, diamantaires Modi and Choksi, who are the main accused in the Punjab National Bank (PNB) loan fraud case, have caused losses worth Rs 13,000 crores to the bank.