There is a bad news for Vijay Mallya, a liquor businessman who ran away from India by taking loans from thousands of Indian banks, unlike his expectations, the British High Court has ordered that British officials can investigate and seize his properties in London.
The British High Court on Thursday gave its verdict on the application of Indian banks, and said that 13 organizations of Vijay Malya and his properties can be searched and investigated.
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At the same time, the court said that the British authorities could also take help of the police when needed against Vijay Mallya. However, the court has also made it clear in its judgment that the bank will not be able to use this order for their recoveries. In it’s order, the court said that the officer of any investigating agency working under this case is allowed to enter the Hertfordshire in London to investigate his properties, and he can also seize his properties if it’s required . These properties include Ladywalk, Bramble Lodge, in the Wellwin area.
Mallya is accused of fraud and money laundering of Rs 9,000 crore in loans with Indian banks and he is opposing the petition filed by Indian agencies to hand over to India. At present, the borrower of 9 thousand crore rupees has been living in London from the last two years.
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Earlier, the Bangalore Police submitted a report on Thursday through the Enforcement Directorate (ED) in Patiala House Court of Delhi, which states that 159 properties has been identified of fugitive liquor businessman Vijay Malya and United Breweries (UB). The Bengaluru Police has demanded more time to identify many more properties. At present, the court has asked the police to file a new report by October 11.
Prior to this, Vijay Mallya, who has been absconding from the country for two years at the end of last month, has again released his cleanliness while breaking his silence and claiming that he is innocent in the whole case. But the leaders and the media of the country have declared him as absconding businessmen.
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