Fugitive liquor baron Vijay Mallya’s assets in France worth 1.6 million euros (over Rs 14.32 crore) has been seized by the Enforcement Directorate, the investigation agency said on Friday.
“Investigations revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd,” the Enforcement Directorate said in a statement, according to NDTV. The action was undertaken by French authorities on the request of the central agency and the property that has been seized is located at 32 Avenue FOCH in France, the statement added.
ED seizes asset worth 1.6 Million Euros through French authority located at 32 Avenue FOCH, France of Vijay Mallya under PMLA in a #BankFraudCase
— ED (@dir_ed) December 4, 2020
Mallya, who is fighting his extradition to India, faces fraud and money laundering charges in a bank loan default case of over Rs 9,000 crore resulting from the collapse of his defunct company Kingfisher Airlines.
Last month, the external…