Mallya created 20 firms with personal staff as directors: ED
Vijay Mallya allegedly floated 20 shell companies, directors of which were either his personal staff or those who retired, the ED said in its chargesheet. The agency had registered a criminal case in the Kingfisher Airlines-IDBI Bank deal last year and attached assets worth â¹9,600 crore. ED is going to confiscate a coffee estate in Coorg, which it had attached.