FM Nirmala Sitharaman on Tuesday informed Lok Sabha that ED has so far restituted Rs 22,280 crore worth of assets to victims of various scams, including return of over Rs 14,000 crore to various banks from the sale of assets of fugitive businessman Vijay Mallya, and Rs 1,053 crore of diamond merchant Nirav Modi.
ED and the banks have together moved a special court in Mumbai for the sale of assets of another diamantaire, Mehul Choksi, who along with Nirav Modi had laundered over Rs 13,000 crore of Punjab National Bank funds and fled the country.
The special court has allowed ED to carry out valuation and auction of the attached and seized properties worth Rs 2,566 crore and deposit the sale proceeds in the fixed deposit accounts of PNB and other liquidators.