Bangalore police identifies 159 properties of fugitive Vijay Mallya
Bangalore police identifies 159 properties of fugitive Vijay Mallya
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Bangalore (Karnataka) [India], July 5 (NT): Bangalore police with the help of Enforcement Directorate (ED) on Thursday submitted a report before Delhi's Patiala House Court citing that they have identified 159 properties of liquor baron and fugitive Vijay Mallya and United Breweries.

As per the reports of ANI the Bangalore police have also sought more time to identify other additional properties.

 Worth mention here earlier on June 30, Vijay Mallya was summoned by a designated court under Fugitive Economic Offenders to appear before it on August 27.

Notably The notice was issued to Mallya and others, in links with the Enforcement Directorate's (ED) June 22 application for declaring him as a fugitive economic offender and took possession of his properties.

It is noted that less than a week ago, Mallya on his Twitter handle broke the silence over the hullabaloo surrounding him of defaulting on bank loans to the tune of Rs. 9000 crores.

The 62-year-old Malya in a series of tweets, asserted that he had been wrongly framed as the "poster boy of Bank default and a lightning rod of public anger".

He also repeated that he is making every effort to settle dues with the banks, but if politically-motivated factors interfere, there is nothing he can do.

Malya is now facing a trial for the UK Court to rule if he can be extradited to India to face charges for financial irregularities involving a total amount of Rs 9,000 crore, as well as money laundering cases. (NT)

 

 

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