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Home » Business » Noose tightens around Mallya as ED attaches ₹6,630cr worth properties

Noose tightens around Mallya as ED attaches ₹6,630cr worth properties

By Newsd
Updated on :

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.

mallya-lf2
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.

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