Vijay Mallya sold off two properties before ED attached Rs 1,411 crore assets

| Monday, June 13, 2016 - 09:20
First Published |
Vijay Mallya, IDBI, IDBI loan default case, Enforcement Directorate, Vijay Mallya loan default case

New Delhi: The liquor baron Vijay Mallya sold off two properties worth several crores before the agency could attach them on Saturday, sources told a leading newspaper. One of the properties sold by Mallya is located in Coorg.

The Enforcement Directorate (ED) is trying to find out whether Mallya received money from the sales and if it has been remitted to him or his firms abroad.

The other property is also close by, though officials didn’t share any details about it.

Playing the victim card, the liquor baron Vijay Mallya had on Sunday issued a statement questioning the ED and its actions against him.
Mallya said, he was hurt by the government’s action against him and reiterated that he did not divert funds. He also claimed that he did not duck the ED.  
The ED on Saturday had attached absconding liquor baron Vijay Mallya's properties, worth Rs 1,411 crore, to IDBI loan default case.

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