Get Latest updates :
  • Home
  • Register
  • Log In
  • Contact Us
News and Updates around World
  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News
  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News
No Result
View All Result
News and Updates around World
No Result
View All Result
Home World News

Enforcement Directorate seizes Vijay Mallya’s asset in France worth $1.9 million

Enforcement Directorate seizes Vijay Mallya’s asset in France worth $1.9 million
Share on FacebookShare on Twitter

India’s Enforcement Directorate(ED) said today that fugitive Vijay Mallya’s property worth $1.9 million in France has been seized under the anti-money laundering law.

French authorities seized the property in France after being requested by the Enforcement Directorate. The agency said the investigations revealed that “a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd (KAL)” for creation of the asset.

India’s Supreme Court had earlier dismissed a plea filed by the liquor baron seeking a review of its May 2017 order holding him guilty of contempt for transferring $40 million to his children in violation of the court’s order

Mallya is an accused in bank loan default case of over Rs 9,000 crore and has been in the UK since March, 2016. He is on bail on an extradition warrant executed three years ago by Scotland Yard.

India’s top court had asked Mallya,64, about the “truthfulness” of his disclosure of assets and the transfer of money to his children. 

Indian banks had accused Mallya of concealing facts and diverting money to his son Siddharth Mallya and daughters Leanna and Tanya in violation of the orders passed by the Karnataka High Court earlier.

The Indian government had told the top court earlier that the Mallya cannot be extradited to India until a separate secret legal process in the UK is resolved.

Read More

ShareTweetPin

Related Posts

What is Places of Worship Act that is at the centre of Gyanvapi mosque issue?
World News

What is Places of Worship Act that is at the centre of Gyanvapi mosque issue?

by Amrita Gogoi
May 16, 2022
Lord Shiva idol found in a well located in Gyanvapi mosque complex, lawyer claims
World News

Lord Shiva idol found in a well located in Gyanvapi mosque complex, lawyer claims

by Amrita Gogoi
May 16, 2022
Police inspect Amarnath Yatra route as security arrangements continue
World News

Police inspect Amarnath Yatra route as security arrangements continue

by Amrita Gogoi
May 16, 2022
Kashmir: Police bust LeT module, female terror associate among those arrested
World News

Kashmir: Police bust LeT module, female terror associate among those arrested

by Amrita Gogoi
May 16, 2022
Who is Devasahayam Pillai, the first Indian layman to be declared saint?
World News

Who is Devasahayam Pillai, the first Indian layman to be declared saint?

by Amrita Gogoi
May 16, 2022

Premium Content

Cried for 2

Cried for 2

April 24, 2022
Ashley Giles: No official request for England to accommodate IPL restart

Ashley Giles: No official request for England to accommodate IPL restart

May 29, 2021

KPMG in India appoints Anindya Basu as National Managing Partner

March 3, 2021

Browse by Category

  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News

© 2020 Nicardo.com

No Result
View All Result
  • Home
  • Entertainment
  • Sports
  • World News
  • Technology
  • Real Estate
  • Education
  • Travel
  • Health & Fitness
  • Automotive

© 2020 Nicardo.com