The Enforcement Directorate attached £663 million worth properties owned by defaulter Vijay Mallya. The attached properties are located across India, including in Mumbai and Bengaluru. The things attached by the ED include Mallya's farmhouse in Maharashtra worth £20 million, an apartment and a mall in Bangalore worth £80 million, and shares of UBL and USL worth £300 million..
Just last week, the consortium of banks including SBI, who lent money to Mallya, told the Supreme Court that the businessman deliberately did not make a full disclosure of his assets. The apex court, after noting the submissions by the attorney general Mukul Rohatgi issued a notice to Mallya and asked him to respond. On July 14, Rohatgi claimed that Mallya had provided incorrect details of his assets in a sealed cover to the apex court. He further said a whole host of information had been concealed by Mallya, including a cash transaction to the tune of £250 million. That, Rohatgi said, amounts to contempt of court.
