Sunday, January 24, 2021
Home Business News ED seizes Vijay Mallya's assets worth €1.6 million in France - Times...

ED seizes Vijay Mallya’s assets worth €1.6 million in France – Times of India

NEW DELHI: The Enforcement Directorate (ED) on Friday seized fugitive businessman Vijay Mallya‘s assets worth €1.6 million (approximately Rs 14 crore) in France.
The ED has seized Mallya’s property located at 32 Avenue FOCH and investigations being conducted Prevention of Money Laundering Act (PMLA) have revealed that a large amount was remitted abroad from the bank account of M/s Kingfisher Airlines Ltd (KAL).
The former liquor barron is an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines. He has been based in the UK since March 2016 and remains on bail on an extradition warrant executed three years ago by Scotland Yard on April 18, 2017.
India has been pressing the UK to extradite Mallya after he lost his appeals in the British Supreme Court.
In May, the fugitive businessman lost his appeals in the British Supreme Court against his extradition to India to face money laundering and fraud charges.

Source link

In this blog our main motive is to provide you all kind of latest information about technology, politics, sports, and health. If you want to read this information then you should have to visit our website. This information will help you to increase your knowledge.


Please enter your comment!
Please enter your name here

Most Popular

Hong Kong plans to lift lockdown placed on densely populated area on Monday – Times of India

HONG KONG: Hong Kong plans to lift the Covid-19 lockdown that was imposed on one of its most densely populated districts on Monday,...

Covid-19: Pakistan authorises emergency use of Russia’s Sputnik V vaccine – Times of India

ISLAMABAD: Pakistan's Drug Regulatory Authority has approved the emergency use of the Russian-made vaccine against the coronavirus disease, Gam-COVID-Vac, commonly known as Sputnik...

Foods that can increase your stress levels | The Times of India

Comments ()Sort: NewestUpVotedOldestDiscussedDown VotedclosecommentsCount: 3000SIGN IN WITHFacebookGoogleEmailXRefrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks,...

New Zealand detects first community virus case in two months – Times of India

WELLINGTON: New Zealand health officials on Sunday confirmed the first case of Covid-19 in the community for more than...

Recent Comments