There is news of great relief for the former employees of Kingfisher Airlines who have been waiting for their outstanding salaries and allowances for almost a decade. With the initiative of the Enforcement Directorate (ED), now an amount of Rs 311.67 crore will be released to clear the dues of the employees. This amount has been raised from the sale of shares which were earlier confiscated under the Anti Money Laundering Act (PMLA).
On December 12, 2025, the Recovery Officer of the Debts Recovery Tribunal (DRT-I), Chennai, ordered that this money be handed over to the Official Liquidator, so that the former employees of Kingfisher Airlines can get their rights.
How did this action happen?
ED had started investigation on the basis of CBI FIR against Kingfisher Airlines, its promoter Vijay Mallya and their associated companies. Investigation revealed that a large part of the loan taken from banks was used in wrongful ways to repay old loans and in some cases to send money abroad in the name of foreign payments.
Assets confiscated under PMLA
During the investigation, ED had attached properties worth about Rs 5,042 crore of Vijay Mallya, Kingfisher Airlines and their associated entities under PMLA. Apart from this, properties worth Rs 1,694.52 crore were also seized under CrPC. Later Vijay Mallya was also declared a fugitive economic offender in 2019.
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