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ED attaches Vijay Mallya's property worth Rs. 6,630 crore

ED attaches Vijay Mallya's property worth Rs. 6,630 crore

| | 03 Sep 2016, 03:50 pm
New Delhi, Sept 3 (IBNS) : The Enforcement Directorate (ED) on Saturday attached RS 6,630 crore worth properties of liquor baron Vijay Mallya, facing charges of defaulting on huge loans, reports said.

The agency has so far attached assets worth over Rs. 8,000 crore.

The properties attached include  shares of United Spirits Limited, United Breweries Limited and Macdowell Holding Co worth Rs.3635 crore, besides a mall, a farm house at Alibug in Maharashtra, flats in Kingfisher Tower in Bengaluru and fixed deposits of. Mallya with HDFC for Rs. 10 crore.


Mallya, who owes Rs 9,000 crore in loans to banks for the now defunct Kingfisher Airlines, of which he was the Chairman, is reportedly in London. He left India in March.

Last week, a consortium of banks including SBI  told the Supreme Court that Mallya had deliberately not made a full disclosure of his assets.

In connection with another case registered by the CBI last year pertaining to Rs. 900-crore IDBI Bank loan default, the Directorate had earlier attached properties worth Rs. 1,411 crore.

 

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