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ED seizes Rs 1,700 crore Assets of Vijay Mallya
By: Tupaki Desk | 11 Nov 2016 3:42 PM GMT
The Enforcement Directorate (ED) on Friday attached personal shares of Vijay Mallya in UB Group & his Other Firms amounting to Rs 1,700 crore in connection with the Money Laundering Case.
Attachments includes Shares of the Liquor Baron in Unites Breweries (UB) to the tune of Rs 850 crore, United Spirits Ltd (USL) amounting to Rs 400 crore and United Breweries (Holding) Ltd contributing Rs 24 crore.
A Special Court on Prevention of Money Laundering Act (PMLA) declared Vijay Mallya as proclaimed offender and ordered ED to seize his shares in multiple companies.
Till date, Enforcement Directorate has attached assets worth Rs 6,630 crore belonging to Vijay Mallya and another Rs 1,441 crore of his Associates. This include movable and immovable assets.
Attachments includes Shares of the Liquor Baron in Unites Breweries (UB) to the tune of Rs 850 crore, United Spirits Ltd (USL) amounting to Rs 400 crore and United Breweries (Holding) Ltd contributing Rs 24 crore.
A Special Court on Prevention of Money Laundering Act (PMLA) declared Vijay Mallya as proclaimed offender and ordered ED to seize his shares in multiple companies.
Till date, Enforcement Directorate has attached assets worth Rs 6,630 crore belonging to Vijay Mallya and another Rs 1,441 crore of his Associates. This include movable and immovable assets.
