ED to begin attaching Vijay Mallya's properties
The Enforcement Directorate will begin attaching the properties of liquor baron Vijay Mallya. The agency had summoned Mallya over a payment of $200,000 to a British firm for displaying Kingfisher logo in Formula One World Championships in London in 1996-98. It claimed that money was paid without prior approval from the RBI, in violation of Foreign Exchange Regulation Act.