Properties worth `22,280 crore of eco-offenders like Mallya, Choksi restored by ED: Sitharaman

New Delhi :

Finance Minister Nirmala Sitharaman has listed several major cases where the Directorate of Enforcement has from time to time attached properties of individuals and companies connected to economic offence cases.

Replying to the debate on Supplementary Demands for Grants – First Batch for 2024-2025, the finance minister apprised the Lok Sabha on Tuesday evening that the central enforcement agency has successfully restored properties worth around Rs 22,280 crore – only the major cases included.  Of those restored, the complete attached property worth Rs 14,131.6 crore of fugitive businessman Vijay Mallya has been restored to the public sector banks, the minister said in Lok Sabha. 

In the case of Nirav Modi, another fugitive, Rs 1,052.58 crore has been restored to the public and private sector banks. 

In National Spot Exchange Ltd (NSEL) scam, Rs 17.47 crore have been obtained and given to the banks, SRS Group worth Rs 20.15 crore, Rose Valley Group worth Rs 19.40 crore, Surya Pharmaceuticals Ltd worth Rs 185.13 crore, Nowhera Sheikh and Others (Heera Group) worth Rs 226 crore, Naidu Amrutesh Reddy and others worth Rs 12.73 crore.

Properties worth Rs 2,565.90 crore have been restored related to Mehul Choksi and others, she said.