The Enforcment Directorate ED today confiscated a Rs 100-crore worth beachside farm house in Maharashtra’s Alibaug in Raigad district controlled by liquor businessman Vijay Mallya in connection with its money laundering probe against him.
The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
The Enforcement Directorate had served eviction orders to the occupants in April this year after the owners failed to get any relief from appellate bodies.
The ED is probing Mallya and others under criminal charges of money laundering in the alleged Rs 900 crore IDBI bank default case.
