Mallya will be on road, ED will seize his Rs 4200-cr assets

New Delhi: A special court here has confirmed the Enforcement Directorate order to attach Rs 4,200 crore assets of liquor baron Vijay Mallya and others, paving the way for their confiscation by the agency.

In September last year, the ED had issued the order, under the provisions of the Prevention of Money Laundering Act (PMLA), to attach the various properties including flats, a farmhouse, shares and Fixed Deposits (FD) among others in the name of Mallya and associated firms.

The central probe agency had earlier said that the market value of these assets was Rs 6,630 crore where as the book value remains to be 4,234.84 crore.

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