Often in the past, Govt was mocked because a celebrated businessman of Congress years decided to become a fugitive offender after having defaulted on Rs. 6,848.28 cr loans & had total Rs. 15,258.19 crore as outstanding on 31.07.2021- yes I am talking of @TheVijayMallya
Although large part of @TheVijayMallya story is in the public domain but how many of u know that of the securities of Rs. 7,095.66 crore, Rs. 4,111 crore was shown as value of Kingfisher brand- how ever real story is not that but one in the following tweet
Investigations showed that @TheVijayMallya never offered Kingfisher brand as a security but it was “Kingfisher Airlines” brand with no significant value, that was valued at 4111 crores- yes the loss making Kingfisher airlines!
So out of total securities on paper of Rs. 7,095.66 crore, the consortium of banks could recover only Rs. 660.52 crore by enforcing guarantee offered @TheVijayMallya . So where did the balance money come from and how was that recovered.
During the course of investigation, various Govt agencies managed to attach properties worth Rs 9,399.34 crore (Rs. 8,041.69 crore u/s 5 of PMLA + Rs. 1,357.65 crore u/s 82 & 83 of Cr.PC) under provisions of PMLA.
The properties attached by the @dir_ed consisted of fixed deposits, shares of United Spirit Ltd. and United Breweries Ltd., immovable properties in form of malls, residential properties, farmhouses and factories as well
The properties worth Rs. 4,005.22 crore were held via shell companies of @theVijayMallya. Investigations helped @dir_ed prove that all the properties were beneficially owned by him only . These findings of the ED were later confirmed by the Special Court, PMLA as well
To help banks recover outstanding loan of Rs. 15,258.19 crore, @dir_ed officers helped SBI file an application before the Competent Court for restitution of assets attached by the ED. The Court, attached assets of Rs. 9,736.11 crore were handed over to the consortium of banks
The consortium of banks sold properties worth Rs 3,614.75 crore out of total transferred asset of Rs. 9,736.11 crore for Rs. 7,975.27 cr and have got the cash. The balance unsold property of @TheVijayMallya worth Rs. 6,121.36 crore is also in possession of the bank.
In case of other fugitive offender- Nirav Modi- @dir_ed has seized properties worth Rs. 2,413.69 cr. His properties worth Rs. 1,060 crore have been ordered to be restituted to PNB & Rs. 329.67 crore worth properties have been ordered to be confiscated to the GoI.
So with that @dir_ed has helped banks to recover loan amounting to Rs. 16,310.19 crore and properties worth of Rs. 329.67 crore have been confiscated to the Central Government. Wonder where are all those who were making fun of the Govt earlier!

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More from @alok_bhatt

14 Aug
Before I complete this thread, let me share my views on few burning issues that are controlling the mindspace on social media and chatter in WA rooms- about the potential implications of Afghan situation for India. Thread follows!
Let this be known loud and clear: India of 2021 is NOT India of Sep 1996. Unlike then, India is not governed by a rag tag coalition best described by Sushma Ji or Pramod Ji in their LS speech- koee mila nahi to unhone bola kisi bhi gadhi ghode ko bana do and DeveGowda jee……
So what does this mean when I say India of 2021 is not India of 1996. Here are some of the points.
1) Militancy in Kashmir is under control & forces have an upper hand
2) India of post 96 had to suffer the consequences of Gujarat doctrine leading to annihilation of Intel assets
Read 11 tweets
14 Aug
#PartitionHorrorRemembranceDay : Bir Bahadur Singh narrating the story of his village when his father and others decided to kill all the daughters between 4 & 40 after Gulam Rasool demanded one of their girls in lieu of safe passage!
#PartitionHorrorsRemembranceDay Harchet narrating how neighbours turned enemy overnight, trains were slaughtered and he had to walk for several days before he reached a safe place in India
Gyan Chan Nagpal had to encounter Muslims at two places PakPattan and then at Kasur…… his sister in law was hit on her face with an axe by attacking Muslims #PartitionHorrorsRemembranceDay
Read 7 tweets
13 Aug
Can anyone with knowledge of Afghanistan conflict tell me about this shura at Medinat al Hikamah, that was organised by Hamid Gul after Geneva Accords?
Copy of the Geneva Accords of 1988- doubt that Doha will read any different than this!
Second part of Geneva Accords of 1988
Read 5 tweets
13 Aug
Tried finding references to Shura that was organised by ISI at Medinat al Hikamah after Geneva Accords of 1988. Sadly couldn’t find any reference anywhere but I remembering hearing this name somewhere. Note Omar died in Karachi only.
Curiously founder of Hamdard University located at Medninat al Hikamah was Hakeem Muhammad Saeed. To world he may have been a philanthropist but in reality he was ISIs asset - reason why he was murdered on 17 October 1998 at Karachi, prompting Nawaz Sharif to dismiss Sindh Govt!
You know this university was founded in 1983 and was inaugurated by Zia in 1985. All that philanthropy BS was a ploy to cover the money that was channelised into this place and reason why the alleged philanthropist was murdered
Read 5 tweets
13 Aug
Everything in Afghan is redux of the late 80s & early '90s or most importantly the phase that ended with the capture of Kabul by the Taliban in Sep 96. Now as Afghanistan & world is staring at a similar fall of Kabul to Taliban,it is important to put things in proper perspective!
While genesis of much of Afghan's probs lay in series of Anglo-Afghan wars- 2nd(1878-1880) followed by Treaty of Gandamak of 1879, Durand Line agreement of 1893 & 3rd Anglo Afghan War that finally culminated in Rawalpindi Treaty of 1919 & Treaty of 1921
But let us keep the historical perspective of those wars aside for the time being (although fact is that just like Kashmir, Afghanistan represents an all-important unfinished agenda and outcome of the majority of the games played by Britishers in the sub-continent ).....
Read 68 tweets
12 Aug
The retired IPS turned Hindutva certifying agency @MNageswarRaoIPS may have been executing contract to do someone’s bidding but truth has a way of coming out -so here it goes MNR Garu- your lies won’t hold & certainly not until I’m here to demolish ur propaganda-thread follows
“In 2008, the Congress government had made the plan and took the land from DDA.” And that plan was duly executed by AAP in Jan 2018. @MNageswarRaoIPS Rao saheb was busy enjoying his stint at CBI then and his Hindu certification agency contract wasn’t on!

hindustantimes.com/delhi-news/del…
Completely unknown to Ex-CBI chief turned Hindutva certification rights holder , it was BJP that was protesting against this Haj house project not this Twitter warriors issuing Hindutva sermons from his handle or clubhouse diatribes
Read 9 tweets

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