March 31, 2025 04:42 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'The city is dangerous': Indian origin techie claims to be shot twice near San Francisco hotel in US | Who is YouTuber Mridul Tiwari, the owner of Lamborghini that hit two pedestrians in Noida? | 'Lion does not hunt dogs': Ex-Uttarakhand CM Trivendra Singh Rawat's remark against Dalit IAS officer triggers row | President Murmu, PM Modi greet people on Eid-ul-Fitr | Eleven coaches of Bangalore-Kamakhya AC Superfast Express derail in Odisha, 1 dies | Telangana man marries two women in same ceremony after falling in love with both | Vladimir Putin says Russia won't interfere in Donald Trump's plans to 'take over' Greenland | India ready to offer possible assistance: PM Modi on Myanmar, Thailand earthquake | Magnitude 7.7 Earthquake hits Myanmar, strong tremors felt in Bangkok | 'Complete lawlessness': Suvendu Adhikari writes to Bengal Guv over Malda violence

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

| | Sep 03, 2016, at 09:20 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.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Close menu