ED Attaches Loan Defaulter Mallya’s Properties

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

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.

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Mallya, who owes Rs 9,000 crore in loans to banks, is reportedly in London. His passport has been revoked.

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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