United Breweries Stocks Price Over Rs 5,800 Crore Bought In Vijay Mallya Case
“Vijay Mallya’s extradition to India has develop into ultimate,” the Enforcement Directorate stated
New Delhi:
The money owed restoration tribunal (DRT) has bought stocks value over Rs 5,800 crore of United Breweries Restricted (UBL) that have been previous connected below the anti-money laundering legislation as a part of an alleged financial institution fraud probe towards fugitive liquor baron Vijay Mallya, the Enforcement Directorate stated on Wednesday.
Additional realisation of Rs 800 crore through sale of stocks is anticipated through June 25, the central probe company stated in a remark.
Just lately, it stated, the company had transferred stocks connected through it (value about Rs 6,600 crore) to the SBI-led consortium as consistent with order of the particular Prevention of Cash Laundering Act (PMLA) Mumbai.
“As of late, DRT on behalf of SBI-led consortium, has bought stocks of United Breweries Restricted for Rs 5824.50 crore,” the Enforcement Directorate stated.
Vijay Mallya, 65, has misplaced the case towards his extradition to India and he has “been denied permission to document attraction in the United Kingdom Perfect Court docket.”
“His extradition to India has develop into ultimate,” the probe company stated.
