ED attaches Mallya's properties worth Rs 6,600 crore

The Enforcement Directorate today attached property worth Rs 6,600 crores belonging to liquor baron Vijay Mallya. The ED which carried out raids attached properties belonging to Mallya at Bengaluru and Mumbai.

Enforcement Directorate officials told OneIndia that the total seizure of properties belonging to Mallya is now Rs 8,044 crore. The ED says that the properties attached are in connection with the bank fraud case. Mallya has been accused of cheating banks by not repaying loans to the tune of Rs 9,000 crore. The properties attached today is worth Rs 6,600 crore as per the existing market value, the ED also said.

ED officials say that apart from attaching properties they are also in the process of sending a request to the United Kingdom where Mallya currently is residing. The Mutual Legal Assistance Treat is being invoked after the UK rejected a demand to deport Mallya. The MLAT is being sent through the Ministry for External Affairs.

Mallya has already been declared a proclaimed offender and absconded by the courts. The banks too had moved the Supreme Court of India seeking a directive to get Mallya back to India. The banks had also rejected an offer made by Mallya to settle the loan amount in several instalments stating that they did not true him.

OneIndia News