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Bengaluru Police identify 159 properties of Vijay Mallya, submit report in court

News Nation Bureau | Edited By : Subhayan Chakraborty | Updated on: 05 Jul 2018, 06:50:35 PM
Bengaluru Police identify 159 properties of Vijay Mallya, submit report in court (Photo: PTI)

New Delhi:

Bengaluru police through Enforcement Directorate (ED) on Thursday submitted a report to Delhi’s Patiala House Court stating that they have identified 159 properties of liquor baron Vijay Mallya.

The Bengaluru police have also asked for more time to identify other properties.

Earlier on June 30, Mallya was summoned by a court under Fugitive Economic Offenders to appear before it on August 27. The notice was issued to Mallya and others, in relation with the ED’s June 22 application for declaring him as a fugitive economic offender and confiscated his properties. 

Earlier last week, Mallya broke his silence over the massive controversy surrounding him of defaulting on bank loans of around Rs 9,000 crore.The liquor baron, in a series of tweets, claimed that he had been falsely framed as the "poster boy of Bank default and a lightning rod of public anger".

He also reiterated that he is making every effort, in good faith to settle dues with the banks, but if politically-motivated factors interfere, there is nothing he can do.

The 62-year-old is facing a trial for the UK Court to rule if he can be extradited to India to face charges for financial irregularities involving a total amount of Rs 9,000 crore, as well as money laundering cases.

(With inputs from agencies)

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First Published : 05 Jul 2018, 06:50:14 PM