ED takes over Mallya s Rs 100-crore Maharashtra farmhouse

New Delhi May 18 (IANS) The Enforcement Directorate on Thursday took over liquor baron Vijay Mallya s Maharashra-based Mandwa farmhouse valued at around Rs 100 crore an official said.

The 17-acre farmhouse at Mandwa in Raigad district was attached by the ED on February 22 under the Prevention of Money Laundering Act he said.

An eviction notice was issued on April 25 for vacating the farmhouse with a registry value of Rs 25 crore. The present market value of the property is an estimated Rs 100 crore the official said.

Mallya who fled to Britain in March 2016 after he was pursued for the recovery of Rs 8 191 crore in debt which his now-defunct Kingfisher Airlines owes to a consortium of 13 Indian banks led by the State Bank of India was arrested and bailed out in London last month.

--IANS
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