Centre illuminates SC that 18 thousand crore rupees got back to banks in Vijay Mallya, Nirav Modi and Mehul Choksi cases

PICThe Center has informed Supreme Court that 18 thousand crore have been gotten back to the banks in Vijay Mallya, Nirav Modi, and Mehul Choksi cases. Addressing the Center, Solicitor General Tushar Mehta submitted under the steady gaze of the summit court that the all out continues of violations in the Prevention of Money Laundering Act (PMLA) cases forthcoming under the watchful eye of the top court adds up to 67,000 crore rupees. He further said that as of date 4,700 cases are being researched by the Enforcement Directorate. Mr Mehta said the quantity of the cases taken up for examination every year over the most recent 5 years changes from 111 cases in 2015-16 to 981 out of 2020-21.

High Court was hearing a lot of petitions, testing the wide extent of abilities accessible to the ED for search, seizure, examination, and connection of continues of wrongdoing under the law