ED moves court to confiscate Mallya's assets worth â¹12,500cr
The Enforcement Directorate has moved a Mumbai court against Vijay Mallya seeking to confiscate his assets worth â¹12,500 crore and declare him a 'fugitive offender'. The agency filed an application under Fugitive Economic Offenders Ordinance that empowers it to confiscate all assets of fugitive economic offenders. ED seeks to confiscate both movable and immovable assets of Mallya and his firms.