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ED Attaches Vijay Mallya's Assets Worth Rs. 6,630 Crore

The Enforcement Directorate (ED) on Saturday attached RS 6,630 crore worth properties belonging to loans defaulter Vijay Mallya. 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, ANI reported.

Mallya, who owes Rs 9,000 crore in loans to banks, is reportedly in London. He left India in March. The government has since revoked his passport. 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 Rs 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.

Earlier, on July 25, the apex court issued a notice to Mallya on a plea from the consortium of banks which alleged that he had not disclosed his full assets+ . The apex court, after noting the submissions by the attorney general Mukul Rohatgi issued a notice to Mallya and asked him to respond.

On July 14, Rohatgi claimed that Mallya had provided incorrect details of his assets in a sealed cover to the apex court. He further said a whole host of information had been concealed by Mallya, including a cash transaction to the tune of Rs 2500 crore. That, Rohatgi said, amounts to contempt of court.

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