New Delhi : On Friday, the Enforcement Directorate has seized Vijay Mallya's assets in France worth 1.6 million euros. The raid was done by the French authorities on the request of the Enforcement Directorate. In a statement , the investigation agency said that the value of the seized asset is Euro 1.6 million that is worth about Rs 14 crore. Also it said that 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 for creation of the asset. Mallya, an accused in bank loan default case of over Rs 9000 crore is in the UK since March 2016.
Lorem ipsum dolor sit amet, consectetur adipisicing elit. Velit omnis animi et iure laudantium vitae, praesentium optio, sapiente distinctio illo?