November 11, 2016 8:33 PM

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ED seizes Vijay Mallya's fresh Rs 1,620 cr assets

With a special PMLA court allowing its plea for further attachments, Enforcement Directorate (ED) seized liquor baron Vijay Mallya's fresh assets worth 1,620 crore rupees in connection with money laundering case against him and others.<br/><br/>Officials informed that 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 yesterday 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. <br/><br/>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 8,041 crore rupees issued under anti-money laundering laws. The court had yesterday ordered ED that freezed and pledged shares belonging to Mallya be attached by way of seizure and by prohibiting the delivery of such property to the accused or any other person on his behalf until further order. The court had, however, rejected ED's request for attachment of the liquor baron's overseas properties. <br/><br/>This is one of the largest attachment of assets made by ED in a PMLA case till now.<br/><br/>The agency had moved the court last month seeking that Mallya be declared a proclaimed offender and his properties be attached as he did not comply with a proclamation order issued against him in June requiring him to appear before the court. Recently, courts had issued two non-bailable warrants (NBW) against Mallya in separate criminal cases.

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