April 04, 2026 08:08 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
AAP drops Raghav Chadha from key parliamentary role, sparks buzz over internal rift | Amit Shah to camp in West Bengal for 15 days during Assembly polls; predicts Mamata’s defeat in state and Bhabanipur | 'BJP plotting President’s Rule, don’t fall in the trap': Mamata Banerjee on Malda unrest, urges peace | 'Most polarised state': CJI Kant raps Bengal govt over 9-hour hostage of judicial officers | Bengal SIR protest: Judge pleads for help amid mob attack after 9-hour hostage ordeal | Bengal SIR progress: 47 lakh of 60 lakh adjudicated cases disposed of, Supreme Court informed | Amit Shah to join Suvendu Adhikari on Bhabanipur nomination day; BJP plans mega roadshow | Fuel prices rise: Premium petrol, diesel hiked amid oil price surge | Commercial LPG up Rs 195.50 as global oil prices rise; domestic rates unchanged | Layoff alert: Oracle cuts 30,000 jobs globally, 12,000 hit in India

ED attaches Vijay Mallya's property worth Rs. 6,630 crore

| | Sep 03, 2016, at 09:20 pm
New Delhi, Sept 3 (IBNS) : The Enforcement Directorate (ED) on Saturday attached RS 6,630 crore worth properties of liquor baron Vijay Mallya, facing charges of defaulting on huge loans, reports said.

The agency has so far attached assets worth over Rs. 8,000 crore.

The properties attached include  shares of United Spirits Limited, United Breweries Limited and Macdowell Holding Co worth Rs.3635 crore, besides a mall, a farm house at Alibug in Maharashtra, flats in Kingfisher Tower in Bengaluru and fixed deposits of. Mallya with HDFC for Rs. 10 crore.


Mallya, who owes Rs 9,000 crore in loans to banks for the now defunct Kingfisher Airlines, of which he was the Chairman, is reportedly in London. He left India in March.

Last week, a consortium of banks including SBI  told the Supreme Court that Mallya had deliberately not made a full disclosure of his assets.

In connection with another case registered by the CBI last year pertaining to Rs. 900-crore IDBI Bank loan default, the Directorate had earlier attached properties worth Rs. 1,411 crore.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.