In a significant action against fugitive liquor baron and founder of the now defunct Kingfisher Airlines Vijay Mallya, the Enforcement Directorate (ED) on Friday said that it has attached his assets to the tune of 1.6 million euros in France.
An ED official said here that on the request of the financial probe agency, a property of Mallya located at 32 Avenue FOCH, France, has been seized by the French authorities. The official said the value of the seized asset in France is 1.6 million euros or Rs 14 crore.
He further said that during the money laundering probe against Mallya, it was found that a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd (KAL).
The investigating agency sent a request to the foreign authority through the diplomatic channel to attach the foreign properties of the accused wanted in India. Acting on the request of the Indian investigative agencies, the authorities there attached the property.
The ED had…
