The Enforcement Directorate has transferred four Mumbai flats linked to Mehul Choksi to the liquidator of Gitanjali Gems to speed up monetisation and compensate victims of the PNB fraud. This marks a crucial shift from asset seizure to real recovery for banks and affected stakeholders.
Finance Minister Nirmala Sitharaman reported in the Lok Sabha that the Enforcement Directorate (ED) has recovered Rs 22,280 crore in illicit assets, aiding public sector banks and defrauded investors. Key recoveries include Rs 14,132 crore from Vijay Mallya and Rs 1,053 crore from Nirav Modi. The government remains committed to combating economic offenses.
