ED seizes ₹1,620-cr assets of Mallya

Venkatesan R Updated - January 15, 2018 at 09:05 PM.

The ED has seized assets worth ₹1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.

Officials said orders for the fresh attachment of “frozen and pledged shares” have come into force with the pronouncement of the court order yesterday and the agency will soon serve the copies of the order to all the stakeholders involved in the case, including Mallya.

The special PMLA court of judge PR Bhavake here had declared Mallya a ‘proclaimed offender’ and directed the ED to attach movable properties which were listed by the agency in its plea to the court.

Published on November 11, 2016 16:45