The Enforcement Directorate (ED) on Saturday attached ₹6,630 crore worth properties belonging to loans defaulter Vijay Mallya, Times Now reported.
The properties include a mall, a farmhouse and several stocks Mallya owns. The properties attached by the ED are located around the country, including in Mumbai and Bengaluru.
Mallya, who owes ₹9,000 crore in loans to banks, is reportedly in London. He left India in March. The government has since revoked his passport.
Source: The Hindu
According to Times Now, among the things ED attached include Mallya’s farmhouse in Maharashtra worth Rs 200 crore, an apartment and a mall in Bangalore worth Rs 800 crore and shares of UBL and USL, owned by the businessman, worth ₹3,000 crore.
Last week, a consortium of banks including SBI – that Mallya owes money to – told the Supreme Court that Mallya had deliberately not made a full disclosure of his assets, including of the $40 million that he received in February from a British firm.