The government faces difficulties to trace Mallya's black money

Jul 09 2018 01:20 PM
The government faces difficulties to trace Mallya's black money

On Thursday, Vijay Mallya, who was afraid of the UK's High Court and the permission for seizure, said Sunday that this order will hardly have any effect on him. He will follow the court order but nothing will happen to the investigating authorities, because the luxurious house located here is not on his name. 

India has appealed to the British Court for the extradition of 62-year-old Mallya, who did not pay a loan of Rs 9000 crore to the banks. In this case, there may be a decision until the beginning of September. During the British Formula One Grand Prix, Mallya said that he will hand over whatever property he has in my name, but the luxurious house is in the name of the children and his house is based in London. 

In such a situation the government can not even touch his property. He told that the British Court has given an affidavit about its properties located in the UK. They can be confiscated under the freezing order. He has some cars and jewellery too.

For this, they do not need to come home, he will give it to the police himself. He just asked for the official time, date and place. On Thursday, the British High Court allowed the enforcement officials to search and seize their properties while jerking Mallya. Mallya dismissed the allegations against him and said that it is the election year in India. 

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