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ED attaches Vijay Mallya’s assets worth Rs 6,630 crore

Vijay Mallya is on the hook for more than Rs 9,000 crore after defaulting on loans to the defunct Kingfisher Airlines BSE 3.03 %, which was founded by him
Vijay Mallya, Kingfisher

The Enforcement Directorate (ED) on Saturday attached assets worth Rs 6,630 crore of liquor baron Vijay Mallya in connection with its money laundering probe, media reported. The seized properties include Mallya’s properties at Mandwa, Bangalore, United Breweries Limited and United Spirits Ltd.

The assets were valued at 2010 rates by Enforcement Directorate.

As per ‘Times Now’, an attached farmhouse in Maharashtra is worth Rs 200 crore, an apartment and a mall in Bangalore worth Rs 800 crore and shares of UBL and USL, owned by the beleaguered businessman, worth Rs 3,000 crore.

Vijay Mallya is on the hook for more than Rs 9,000 crore after defaulting on loans to the defunct Kingfisher Airlines BSE 3.03 %, which was founded by him.

The Enforcement Directorate also want to question him over accusations of money laundering. Mallya, who has been abroad since March,  has denied any wrongdoing and said he has been trying to reach a settlement with the banks.

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