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Exiled tycoon Mallya: India wrong to sequester some assets in graft case
June 12, 2016 by creative · Leave a Comment
Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case. The Enforcement Directorate (ED) tweeted on Saturday that it had “attached” properties worth 14.11 billion Indian rupees ($210.78 million) in the case involving a loan from state-owned IDBI Bank
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Exiled tycoon Mallya: India wrong to sequester some assets in graft case