WEB DESK
The Enforcement Directorate (ED) today attached properties of the fugitive businessman Vijay Mallya, worth Rs 1,411 crore, in the IDBI Bank loan default case.
According to reports the assets under “provisional attachment” included bank balance of Rs 34 crore, a flat each in Bengaluru and Mumbai (2,291 sqft and 1,300 sqft respectively), an industrial plot in Chennai (4.5 acres), a coffee plantation land in Coorg (28.75 acres) and residential and commercial constructed areas in UB CITY and Kingfisher Tower in Bengaluru (84,0279 sqft).
The attachment of properties is in connection with the Rs 900 crore loan fraud with the IDBI Bank.
Mallya, whose defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, left India on March 2.
The agency registered a money laundering case against him and others based on an FIR registered last year by the CBI.