Strong action of Modi Govt. Against Mallya ED attaches property and shares worth Rs 6,600 crore

In a bank default case against Vijay Mallya, The enforcement directorate has done a biggest crackdown on Mallya. Where ED on Saturday attached Mallya’s property in Bangalore and Mumbai worth rupees 6600 crore.

Among the other things ED attached include Mallya’s farmhouse in Maharashtra worth Rs 200 crore, an apartment and a mall in Bangalore worth Rs 800 crore and shares of  United Breweries Limited and United Spirits Ltd.

The Narendra Modi govt is taking strongest action against Mallya, on willful default case of rupees 9000 crore rupees. there could be more truble for mallya in coming day’s as govt seems committed against tax fraud case.A note on bad loans drawn up after a discussion among regulators and submitted to the government. where it is being said that   “A strong message needs to go from all concerned that resolution is important for the system,”  a note on bad loans drawn up after a discussion among regulators and submitted to the government.