Vijay Mallya’s 17-acre farmhouse in Alibag seized by India’s enforcement directorate

Vijay Mallya

India’s Enforcement Directorate has seized a 17-acre property belonging to Vijay Mallya.

SAN FRANCISCO (Diya TV) — India’s Enforcement Directorate took control of embattled liquor baron Vijay Mallya’s 17-acre coastal farmhouse in Alibag, worth an estimated Rs. 100 crore, on Thursday.

The agency had previously issued an eviction notice, ordering Mallya to vacate the property by April 25.

The Enforcement Directorate has identified properties worth more than Rs 11,000 crore belonging to Mallya, at least Rs 9,000 crore worth of properties have already been attached by the agency under the Prevention of Money Laundering Act. The former “King of Good Times” is currently subject to a slew of money laundering charges, and is currently free on bail after his recent arrest in London.

He is alleged to owe more than Rs 9,000 crore to a consortium of Indian banks. Former IDBI Bank CMD Yogesh Aggarwal said he had disbursed at least Rs 350 crore to Mallya for his now defunct Kingfisher Airlines, even before the loan was sanctioned by the bank.

The Enforcement Directorate are currently seeking Mallya’s extradition from the United Kingdom and has submitted evidence to counsel representing India’s case before a London court seeking his custody. A senior ED official told the Times of India that the evidence submitted before a special court in Mumbai, which had last year issued a non-bailable arrest warrant against the beleaguered businessman, would serve as proof against Mallya to get complete his extradition.

Related posts

Abhijit Das planning to run for Massachusetts Congress

Tyngsborough, Mass. (Diya TV) — Abhijit Das, the president and CEO of Troca Hotels announced he is running for the 3dr District Congress in Massachusetts. The Democrat candidate made the official announcement on his birthday amidst friends, family and community members at the Stonehedge Hotel...

Surbhi Sarna honored with Harker School distinguished alumni award

Surbhi Sarna honored with Harker School distinguished alumni award

SAN JOSE, Calif. (Diya TV) — Surbhi Sarna was named the recipient of the 2017 Distinguished Alumni Award by Harker School's Office of Alumni Relations. She was honored at homecoming on Sept. 23. Sarna is a 2003 graduate of the San Jose, CA private school. The Distinguished Alumni Award...

Ajit Pai confirmed by Senate for second term at FCC

Ajit Pai confirmed by Senate for second term at FCC

WASHINGTON (Diya TV) — FCC Chairman Ajit Pai was confirmed by the U.S. Senate for the second five-year term. The 44-year-old was confirmed with a 52-41 vote to remain the Federal Communications Commission chair. Pai's confirmation did not come without backlash form some...