FM : ₹14,131 Cr Of Vijay Mallya's Assets, ₹1,052 Cr Of Nirav Modi's Assets Returned To Banks

FM : ₹14,131 Cr Of Vijay Mallya's Assets, ₹1,052 Cr Of Nirav Modi's Assets Returned To Banks

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Business Today
  • Updated Dec 18, 2024 2:12 PM IST

 

Finance Minister Nirmala Sitharaman, addressing Parliament, announced a significant recovery of scam assets from major financial fraud cases. Assets worth ₹14,131 crore belonging to Vijay Mallya and ₹1,052 crore from Nirav Modi have been successfully returned to banks. The government highlighted its relentless efforts to bring back looted funds, boosting financial accountability and public confidence. Several other assets have also been successfully recovered.

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