• Associate Sponsor

ED confiscates Rs 100-crore farm house ‘controlled’ by Vijay Mallya in Maharashtra

An ED team, from its zonal office in Mumbai, today pasted the possession orders on the farm house, which has an adjoining beach.

By: PTI | New Delhi | Updated: May 18, 2017 7:19 pm
Vijay Mallya, vijay mallya farmhouse, mallya farmhouse confiscated, mallya alibaugh farmhouse, mallya alibaug farmhouse confiscated, Money Laundering, Prevention of Money Laundering Act, Mandwa Farms Pvt Ltd, Enforcement Directorate, indian express news, business news Vijay Mallya. (Source: AP)

The ED today confiscated a Rs 100-crore worth beach-side farm house in Maharashtra’s Alibaug “controlled” by beleaguered liquor baron 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. “This property belongs to Ms Mandwa Farms Private Limited which was being controlled by Mallya,” the agency said in a statement.

An ED team, from its zonal office in Mumbai, today pasted the possession orders on the farm house, which has an adjoining beach. While the registered value of the property is Rs 25 crore, the ED said, its market value is over Rs 100 crore.

The farm house is in Alibaug in Raigad district of Maharashtra.

It said Ms Mandwa Farms Private Limited had appealed against the ED provisional attachment order before the Appellate Tribunal for PMLA which “dismissed” the application two days back.

“Accordingly, peaceful possession of the subject property (having present market value in excess of Rs 100 crore ) has been taken by the ED today,” it said.

The ED is probing Mallya and others under criminal charges of money laundering in the alleged Rs 900 crore IDBI bank default case.

For all the latest India News, download Indian Express App

  1. N
    May 19, 2017 at 4:13 am
    WHY only the Farm? Seize ALL his ets at once; cancel his licence, passport , aadhar etc; let him live as a Beggar on streets and suffer a slow death ! MOST shameful person in our country and biggest cheat deserves NO sympathy !!
    1. P
      May 18, 2017 at 11:12 pm
      Worth hundred crore somebody says.It is a distress even half the amount won't be realised.it is all gone now.more will be lost since all the corrupt have been given power by the stupid people of India.
      1. A
        May 19, 2017 at 11:07 am
        This is just an eye wash. We don't know where this money will go, to the govt or to some corrupt politicians. If they had wanted to stop Mallya, just one phone call by MEA would have been enough. Remember, Mallya was made a MP with the support of the party that now rules the center. There is already a report that Mallya's yacht was seen near Malta - he might have taken Maltese citizenship & our govt fully knows that.
      2. M
        May 18, 2017 at 11:00 pm
        If this kind of money laundering was going on what was RBI, Other banks doing earlier. Id he using GOVT influence? While happening all agencies are closing eyes, Now eye wash they are catching peanuts and showing as a great achievement.
        1. D
          May 18, 2017 at 9:17 pm
          Mallya is desh bhakt he should awarded BHARAT RATNA.
          1. Sankaran Krishnan
            May 18, 2017 at 8:07 pm
            Why doing it in peace meal and why not confiscate the entire property that belonged to him and his families, ociates, benamis etc., not only in India but across the Continents is the query ???Will anyone knows what is his total worth and will it cover up the frauds and cheats he had indulged and it is up to the media to expose such things ini the name of Investigate Journalism and will they do it is the BIG ???
            1. T
              May 18, 2017 at 10:25 pm
              If the wealth invested abroad could be siezed ,India would hve siezed all Swiss bank black money long back itself .. They have their own policies . Modi jitna bhi jake Gale la enge koi faida nahi
            2. Load More Comments