News
Enforcement Directorate attaches Mallya assets worth Rs 1,411 crore
The Enforcement Directorate (ED) on Saturday attached properties of the liquor baron Vijay Mallya, worth Rs1,411 crore, in the IDBI Bank loan default case, according to a published media report.
“We have attached properties worth Rs 1,411 crore of Vijay Mallya and UB limited under the Prevention of Money Laundering Act,” an ED official was quoted in the report as saying.
The assets under ‘provisional attachment’ included bank balance of Rs34 crore, a flat each in Bengaluru and Mumbai (2,291 sqft and 1,300 sqft respectively), an industrial plot in Chennai (4.5 acres), a coffee plantation land in Coorg (28.75 acres) and residential and commercial constructed areas in UB City and Kingfisher Tower in Bengaluru.
The attachment of properties is in connection with the Rs900-crore loan fraud with the IDBI Bank.
The agency registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI.
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News2 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News3 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances