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ED seizes Vijay Mallya's assets worth 1.6 million Euros in France

Dec 04, 2020, 07:31PM ISTSource: Times Now

The Enforcement Directorate today seized fugitive liquor baron Vijay Mallya's assets worth €1.6 million (approximately Rs 14 crore) in France, under the anti-money laundering law. Mallya is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines. The fugitive businessman has been based in the UK since March 2016 and remains on bail on an extradition warrant executed three years ago by Scotland Yard on April 18, 2017.

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