ED attaches Vijay Mallya’s assets worth Rs6,630 crore


Mumbai: In a fresh round of action against Vijay Mallya, the Enforcement Directorate (ED) on Saturday attached properties worth Rs6,630 crore in connection with its money laundering probe.

On its official Twitter handle the investigative agency said, “ED attaches further properties worth Rs6,630 Crores (Mkt Value) of Vijay Mallya in bank fraud case . Total attachment now is Rs8,044 Cr.”

Mint had reported on 17 August that ED has identified properties over Rs6,000 crore for attachment.

As per an ED official, who spoke on condition of anonymity, the investigative agency attached Vijay Mallya’s property at Mandwa, Bangalore and shares of United Breweries Limited (UBHL) and United Spirits Ltd.

“ED has attached properties of worth Rs4,234.84 crore today which includes Mandwa Farm House, Alibaugh (Rs25 crore), Flats in Kingfisher Tower, Banglore (Rs565 crore), fixed deposits of Dr. Vijay Mallya with HDFC ( Rs10 crore), shares of USL,UBL and Macdowell Holding Co. held by Vijay Mallya/ UBHL and his controlled entities( Rs3,635 crore),”

Click here for more…