ED attaches Mallya's assets and properties worth Rs 6,630 crores
Synopsis
The Enforcement Directorate (ED) on Saturday attached assets, shares and properties worth ₹ 6,630 crore belonging to loans defaulter Vijay Mallya ED valued the properties based on 2010 rates
The Enforcement Directorate (ED) on Saturday attached assets, shares and properties worth ₹ 6,630 crore belonging to loans defaulter Vijay Mallya in connection with the money laundering case. It valued the properties based on 2010 rates.
According to Times of India, the properties include a mall, a farmhouse and several stocks Mallya owns. It also attached Mallya's farmhouse in Maharashtra worth Rs 200 crore, an apartment and a mall in Bangalore worth Rs 800 crore and shares of UBL and USL, owned by the businessman, worth Rs 3,000 crore.
Vijay Mallya owes ₹9,000 crore in loans to banks in India, however he has denied all the accusations and has fled the country. His passport has been revoked since by the Indian government. He is reportedly in London at present.
It was just few months ago when ED had attached assets worth ₹1400.
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