NEW DELHI: Vijay Mallya has allegedly routed the money garnered from various bank loans to gain 100% or a partial stake in about 40 companies across the world, a report by Times of India has said.
According to the report, all these companies are now under the scanner of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).
These companies, the entire list has been accessed by the daily, are based in countries like Netherlands, the UK, China, Nepal and even South Africa. The two agencies are also investigating Mallya’s movable and immovable properties. Allegedly Mallya has several real estate properties around the world apart from motor vehicles and yachts in some of the aforementioned countries.
According to a source cited in the report, the investigative agencies are now trying to estimate the worth of his assets.
The report goes on to say that India has approached about six countries for information related to the case.
The ED has also issued a non-bailable warrant against the businessman in the Rs 900-crore money laundering case pertaining to the IDBI Bank loan after he failed to adhere to three summons issued to him.
Apart from this, Mallya owes about Rs 9,000 crore to a consortium of 17 banks including the State Bank of India, Punjab National Bank, Vijaya Bank, Bank of Baroda, Corporation Bank, Bank of India, United Bank of India, and so on.
Mallya, gave an interview to the Financial Times on Friday, saying that arresting him or revoking his passport will not bring him back to India and will not get him to pay the money to his lenders. Mallya also said maintained that he was not absconding, and the revocation of his diplomatic passport has now forced him into a forced exile.