ED attaches Vijay Mallya's properties and shares worth Rs 6,600 crore
A Bengaluru apartment, a mall under construction and a farmhouse in Maharashtra were among the properties attached by the agency.
The Enforcement Directorate on Saturday attached around Rs 6,600 crore of properties and shares belonging to former liquor baron Vijay Mallya, who owes around Rs 9,000 crore to 17 banks in India. Shares worth around Rs 3,000 crore, an under-construction mall, a farmhouse in Maharashtra and an apartment in Bengaluru were attached by the agency in connection with a case of fraud, The Hindu reported.
Last week, the Supreme Court had asked the consortium of banks to whom Mallya owes money to reply to his plea seeking the recall of an order to reveal his assets. Mallya's lawyer Mahesh Agarwal had said that since no settlement of his dues with the banks was taking place, he was not obliged to disclose his assets to them.
Mallya has been accused of money laundering and defaulting on loans worth Rs 9,000 crore. He left India on March 2 after stepping down as chief of United Breweries and has said he is unlikely to return to the country.