The Enforcement Directorate (ED) attached properties worth Rs 1,411 crore of business tycoon Vijay Mallya and his company United Breweries (Holding) Ltd on Saturday in connection with an alleged money laundering case against him. The agency has attached as part of probe into the alleged Rs 900 crore IDBI Bank loan default case.

“The provisional attachment includes bank balance of Rs 34 crore , one flat in Banguluru and Mumbai -- 2291 and 1300 sqft respectively each, Industrial plot in Chennai which is 4.5 acres, coffee plantation land in Coorg which is 28.75 acres, and residential and commercial constructed area in UB CITY and Kingfisher Tower in Banguluru  which is 840279 sqft,” said a senior ED officer

Following the criminal case registered by Central Bureau of Investigation on July 29, 2015 against Mallya  and Kingfisher Airlines Ltd and unknown officers of IDBI and others, ED registered a case of money laundering January 25, 2016 under Prevention of Money Laundering Act.

The officer said that during investigation under PMLA it was that loan amounting to Rs 864 crore was sanctioned to Kingfisher Airlines Ltd against collateral security of Kingfisher Brand, corporate guarantee of UBHL and personal guarantee of Vijay Mallya.

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