1.6 Million Euros worth assets of Vijay Mallya seized in France
The Enforcement Directorate (ED) has seized 1.6 million euros assets of Vijya Mallya in France. According to reports ED and French Authorities also have seized his property in the country. The Investigations have revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines.
ED said “On the request of Directorate of Enforcement (ED), a property of Vijay Mallya located at 32 Avenue FOCH, France has been seized by the French Authority. The value of the seized asset in France is 1.6 million euros (Rs 14 crore). Investigations revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines Ltd.” Vijay Mallya is in UK since March 2016 and has been fighting his extradition to India.