The ED has already attached assets worth Rs.8,041 crore as part of its criminal probe against Mallya and this time the targeted assets would include those on foreign shores. The agency had got a proclamation issued by a Mumbai court under CrPC against Mallya after he skipped multiple summonses to depose in its money laundering probe in the alleged bank loan frauds worth overRs.9,000 crore. With Mallya not joining ED’s PMLA probe till now, the agency, they said, will the third set of attachment orders for assets held “directly and indirectly” by him, including those at overseas locations like South Africa, the UK and others. While sources did not mention the estimated value of the assets that would be attached under the fresh order, it is expected to be worth a few thousand crores of rupees. The ED had on 3 September issued its second attachment order for assets worth Rs.6,630 crore and seized his farmhouse, flats and fixed deposits in connection with its money laundering case against him and his associates.

Source: Mint September 11, 2016 06:11 UTC