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Rs 18K cr returned to banks from Vijay Mallya, Nirav Modi, Mehul Choksi: Supreme Court told

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New Delhi, February 23

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The Centre on Wednesday told the Supreme Court that Rs 18,000 crore had been returned to banks in cases related to Vijay Mallya, Nirav Modi and Mehul Choksi.

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Solicitor General Tushar Mehta told a Bench led by Justice AM Khanwilkar that the total proceeds of crimes in the PMLA cases pending in the top court was Rs 67,000 crore.

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As many as 4,700 cases were under ED probe and the number of cases taken up for investigation each year in the past five years varied from 111 cases in 2015-16 to 981 in 2020-21, he said.

A sum of Rs 18,000 crore had been returned to the banks in the case of Mallya, Nirav and Choksi, Mehta said during a hearing on petitions on the scope of the ED’s powers to search, seize, investigate and attach proceeds of crimes under the PMLA. —

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