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Banks recover over Rs 1000 cr from sale of Mallya’s shares: ED
Published on March 27, 2019
The Enforcement Directorate on Wednesday said a consortium of banks led by the SBI, have recovered over one thousand crore rupees from the sale of shares of fugitive offender Vijay Mallya.
The amount was recovered by Bangalore based Debt Recovery Tribunal by the sale of over 74 lakh shares held by Mallya in the United Breweries Holdings Limited.
The Enforcement Directorate said, the shares attached by the agency is part of its money laundering probe against the liquor baron.
