UK High court gives banks option to seize Vijay Mallya’s assets in London


A UK High Court judge has given Indian banks the option to search fugitive Industrialist Vijay Mallya’s properties in London and seize the assets as a means of recovering their money.

According to the 26th of last month’s order by Justice Byran, the Enforcement officer and his agents can enter Mallya’s home in Ladywalk and Bramble Lodge in Tewin, Welwyn, giving a consortium of 13 Indian banks to search and seize the properties. Mallya is fighting extradition to India on fraud and money-laundering charges worth nearly 9,000 crore rupees.

The order said, the Officer, including any Enforcement Agent acting under his authority, may use reasonable force to enter the property if necessary.
India’s extradition case will come up in a UK court on the 31st of this month.

In May, the UK High Court had refused to scrap a worldwide order freezing Mallya’s assets. The court had upheld the Indian Supreme Court’s ruling that banks were entitled to recover funds


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