January 08, 2025 09:17 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Sheesh Mahal row: AAP leaders who were denied entry into CM's residence turn towards PM's house | Anna University sexual assault accused is a DMK supporter, not member: MK Stalin | Ajit Doval, Raja Dato discuss bilateral cooperation during India-Malaysia Security Dialogue | US President-elect Donald Trump threatens to use economic force to make Canada 51st US State, Justin Trudeau retorts sharply | Elon Musk raises concern on 'world population decline' including that of India, China | Indian-origin Anita Ananda might replace Justin Trudeau as Canadian PM | 'I won't bite': Kamala Harris tells Senator's husband as he refuses to shake hands with her | Centre announces memorial for Pranab Mukherjee, his daughter thanks PM Modi for 'gracious gesture' | Delhi assembly elections on Feb 5, results on Feb 8 | Allu Arjun visits boy injured during Pushpa 2 stampede in Hyderabad

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.