Vijay Mallya, Nirav Modi, Mehul Choksi's assets worth Rs 9,371 crore transferred to banks

New Delhi, June 23: Assets worth Rs 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred to state-run banks, who suffered losses, on account of the fraud committed against them.

Total assets worth Rs 18,170.02 crore has been seized by the Enforcement Directorate so far, 80% of which is the the total bank loss.

"The agency not only seized assets worth Rs 18,170.02 crore (80.45% of total loss to banks) in the case of Vijay Mallya, Nirav Modi and Mehul Choksi under PMLA but also transferred a part of attached/seized assets of Rs 9,371.17 crore to the PSBs and central government," ED said.