UB assets eyed by Sebi already under ED possession

The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya, sources said

The Securities and Exchange Board of India’s (Sebi’s) plan to recover pending dues from the Vijay Mallya-owned United Breweries Holdings (UBHL) by liquidating its securities market investments may not go as planned. The assets that the capital market regulator is eyeing are already under possession of the Enforcement Directorate (ED), another government agency.

Earlier this month, Sebi had issued an order to attach all the bank accounts, shares and mutual fund units held by UBHL to recover Rs 18.5 lakh that the liquor company had defaulted on the payment of a penalty imposed by the regulator in 2015.

The assets mentioned in