ED seizes Vijay Mallya’s property in France worth Rs 14 crore
The Enforcement Directorate on Friday said it has attached businessman Vijay Mallya’s property worth 1.6 million Euro (Rs 14 crore) in France under the anti-money laundering law.
The French authorities undertook the action “on the request” of the ED on the property located at 32 Avenue FOCH.
An ED statement said, “investigations conducted under the Prevention of Money Laundering Act revealed that “a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd (KAL)”.
The agency had initiated a money laundering probe based on a CBI FIR against the now-defunct Kingfisher Airlines, Mallya and others on 25 January, 2016.
