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Mallya created 20 shell companies, made personal staff directors: ED

It mentioned a transaction made to a firm which allegedly had fake or dummy directors

Press Trust of India  |  New Delhi 

Liquor baron Vijay Mallya had allegedly floated 20 shell companies, directors of which were either his personal staff or those who retired, the ED has said in its recent charge sheet filed in the KFA-IDBI money laundering case. The central probe agency, meanwhile, is set to confiscate a coffee estate in Coorg in Karnataka and other assets in Bengaluru which it had attached under the Prevention of Money Laundering Act (PMLA), as it did with a Rs 100 crore farm house in Maharashtra's Alibaug recently. The Enforcement Directorate had registered a criminal case in this deal ...

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First Published: Fri, June 16 2017. 00:47 IST
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