Fugitive billionaire Vijay Mallya’s assets in France worth 1.6 million euros have been seized by the Enforcement Directorate, the probe agency said in a statement today.
“On the request of Directorate of Enforcement (ED), a property of Vijay Mallya located at 32 Avenue FOCH, France has been seized by the French Authority. The value of the seized asset in France is 1.6 million euros (Rs 14 crore). Investigations revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd,” the ED said in a statement, as reported by NDTV.com
The latest seizure of Mallya’s assets comes as India fights a legal battle to extradite him from the UK. The founder of now-defunct Kingfisher Airlines is wanted for defaulting on loans worth up to ₹ 9,000 crore.
