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.
The Royal Challengers Bangalore (RCB) Women defeated Delhi Capitals by eight wickets in the final at the Arun Jaitley Stadium in New Delhi with a dominant display to win the title
Following RJD leader Lalu Yadav's remarks, BJP launched a big 'Modi ka Parivar' campaign on social media.
India’s top ten wilful defaulters cumulatively owed Rs 40,825 crore to banks, as of March 31, the Ministry of Finance said.
The Supreme Court Friday dismissed a plea by businessman Vijay Mallya, facing extradition, against proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties.
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.
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.
Raut was addressing a press conference after his wife, Varsha Raut, was sent a notice by the Enforcement Directorate (ED) seeking her appearance on December 29 for questioning in the PMC Bank money laundering case.
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.
Earlier in June, the apex court had directed its registry to explain why the petition had not been listed before the concerned court for the last three years.
A CBI officer said the investigating agencies are aware of the possibility that Mallya, being a former Rajya Sabha Member, could seek political asylum in the UK.
The 64-year-old controversial businessman took over Rs 9,000 crore in loans from banks which the authorities argue he had no intention of repaying.
Vijay Mallya said he had offered to pay 100 per cent of the amount borrowed by Kingfisher Airlines to the banks but neither banks were willing to take the money nor the Enforcement Directorate was willing to release his attached assets at the behest of the banks.
Earlier, the embattled liquor baron lost his High Court appeal in London on April 20 against his extradition order to India over charges of fraud and money laundering, involving his now defunct Kingfisher Airlines, amounting to an alleged Rs 9,000 crores.
As per the legal process in the United Kingdom, the case will now go to UK Home Secretary Priti Patel for a final decision.
