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ED seizes Vijay Mallya's property in France worth ₹14.3 crore
short by Nandini Sinha / on Friday, 4 December, 2020
The Enforcement Directorate (ED) has seized fugitive billionaire Vijay Mallya's asset in France worth €1.6 million (over ₹14.3 crore). "A property of Vijay Mallya located at 32 Avenue FOCH, France has been seized by the French Authority. Investigations revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd," the ED said.
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