Parliament passes Registration of Births and Deaths Bill to make delayed registration more stringent, MP: Cong suspends former MLA Rajendra Bharti,

Vijay Mallya’s assets worth 1.6 million euros in France seized

The Enforcement Directorate (ED) on Friday seized fugitive Vijay Mallya’s assets worth 1.6 million euros in France. The property was seized under the anti-money laundering law by the French authorities after ED’s request.The action was undertaken by French authorities “on the request of the Enforcement Directorate” and the property is located at 32 Avenue FOCH in France, central probe agency said in a statement. In Indian currency, the value of the seized asset is about Rs 14 crore.

Former liquor baron Mallya is wanted in India over fraud and money laundering charges in relation to loans taken out by his now-defunct Kingfisher Airlines from state-owned Indian banks. As per banks’ claims, Mallya owes Rs9,000 crore in principal and interest to banks in India.The government in India is currently trying to extradite Mallya from the UK, where he is being living since March, 2016. He is on bail as the British court delayed his extradition over a confidential legal matter.

He has been living in the UK since March 2016 and has been fighting his extradition to India. The 64-year-old's extradition was ordered by a British court in May but has been delayed by a confidential legal matter initiated in the country, the government told the Supreme Court last month.


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Harshita, the1st Indian woman to feature at Tour de France Femmes

    Full Story

  1. Cauvery issue: CM Vijay agreed to postpone visit, says DK Shivkumar

    Full Story

  1. President,VP and PM pay tributes to war heroes on Kargil Vijay Diwas

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

From classroom to competition: Building the next generation of Chefs

 The food industry is constantly evolving. New ingredients, techniques, presentation styles, and global influences continue to reshape the way food is prepared and served.

Read More

Crime

Several schools in Delhi receive bomb threat, students, staff evacuated

Multiple schools in Delhi received bomb threat messages on Monday, prompting security agencies to launch extensive search operations across the affected campuses.

Read More

Opinion

Can Chinese investment revive India's manufacturing?

India's widening trade deficit with China has reignited a long-standing policy debate: should India allow greater Chinese investment to strengthen its manufacturing sector, or continue prioritising self-reliance and strategic caution?

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.