ED to seize Vijay Mallya’s foreign assets under CrPC

Vijay Mallya

After Liquor baron Vijay Mallya told a Delhi court that he intends to return to India but authorities have revoked his passport, the Enforcement Directorate on Sunday likely to seize foreign assets and properties of him under Criminal Procedure Code (CrPC).

The agency had got a proclamation issued by a Mumbai court under CrPC against Mallya after he skipped multiple summonses to depose in its money laundering probe in the alleged bank loan frauds worth over Rs 9,000 crore.

With Mallya not joining ED’s Prevention of Money Laundering Act (PMLA) probe till now, the agency said, will the third set of attachment orders for assets held “directly and indirectly” by him, including those at overseas locations like South Africa, the UK and others.

The ED had on September 3 issued its second attachment order for assets worth Rs 6,630 crore and seized his farmhouse, flats and Fixed Deposits in connection with its money laundering case against him and his associates.

Wefornews Bureau

Related Posts