Millennium Post

Mallya PMLA case: ED seizes fresh Rs 1,620 cr assets

With a special PMLA court allowing its plea for further attachments, ED has seized under CrPC laws fresh assets worth Rs 1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.

Officials said orders for the fresh attachment of “freezed and pledged shares” have come into force with the pronouncement of the court order on Thursday and the agency will soon serve the copies of the order to all the stakeholders involved in the case, including Mallya. 

The special Prevention of Money laundering Act (PMLA) court of judge P R Bhavake here had on Thursday declared Mallya a ‘proclaimed offender’ and directed the Enforcement Directorate (ED) to attach movable properties which were listed by the agency in its plea to the court.

“The total value of these movable assets that have been seized is worth Rs 1,620 crore. This seizure is carried out under the provisions of the Criminal Procedure Code (CrPC) and will be over 
and above the two earlier attachments worth Rs 8,041 crore issued under anti-money laundering laws,” an official said. 
Agencies

Agencies

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