New Delhi: The ED on Thursday confiscated a Rs 100-crore worth beach side farm house in Maharashtra's Alibaug in Raigad district controlled by liquor businessman Vijay Mallya in connection with its money laundering probe against him. The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
The Enforcement Directorate had served eviction orders to the occupants in April this year after the owners failed to get any relief from appellate bodies. The ED is probing Mallya and others under criminal charges of money laundering in the alleged Rs 900 crore IDBI bank default case.
In December 2016, a special anti-money laundering court in New Delhi had confirmed an attachment of assets order worth Rs 1,411 crore issued by the ED against United Breweries Holding Limited (UBHL) and others in connection with its money laundering probe against liquor baron Vijay Mallya and others. The central probe agency in June had issued the first attachment of assets order in this case under the provisions of the Prevention of Money Laundering Act (PMLA) that included bank balance of Rs 34 crore, a flat each in Bengaluru and Mumbai, an industrial plot in Tamil Nadu, a coffee plantation land in Coorg and residential and commercial constructed areas in UB city and Kingfisher Tower in Bengaluru in the name of United Breweries (Holdings) Limited and other firms. A month earlier, the ED had seized assets worth Rs 1,620 crore owned by Mallya.
ENDS