File photo: Vijay Mallya 
National

DRT sold shares worth over Rs 5,800 cr of United Breweries in bank fraud case against Mallya:ED

Further realisation of Rs 800 crore by sale of shares is expected by June 25, the central probe agency said in a statement.

migrator

New Delhi

The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Mallya, the Enforcement Directorate said on Wednesday.

Further realisation of Rs 800 crore by sale of shares is expected by June 25, the central probe agency said in a statement.

Recently, it said, the agency had transferred shares attached by it (worth about Rs 6,600 crore) to the SBI-led consortium as per order of the special Prevention of Money Laundering Act (PMLA) Mumbai.

"Today, DRT on behalf of SBI-led consortium, has sold shares of United Breweries Limited for Rs 5824.50 crore," the ED said.

Mallya, 65, has lost the case against his extradition to India and he has "been denied permission to file appeal in the UK Supreme Court."

"His extradition to India has become final," the ED said.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

"To me it is Tamil New Year": DMK MP Kanimozhi on TVK chief Vijay's Pongal post

Vijay's Pongal greeting rekindles debate over Tamil New Year date in TN

"Vijay should understand that this accident happened only because of him": DMK spokesperson TKS Elangovan on Karur stampede incident

Tamil Nadu govt releases Rs 111.96 crore to farmers for crop damage

DMK slams Amit Shah over Thiruvalluvar Day wishes; cites poor knowledge of Tamil culture