The Enforcement Directorate has said that Vilay Mallya has laundered money to the tune of Rs.1,300 crore. He used 13 shell companies to do this and these companies were spread across US, Ireland, Mauritius and France.
The charge sheet which was filed on account of Rs.900 crore IDBI-KFA loan has also accused eight other people for their involvement in the case. In its 57 page charge sheet, ED said that the shell companies did not have any other activities and were fully controlled by Mallya and his employees.
Mallya was charged under various sections of the Prevention of Money Laundering Act (PMLA) and the ED has filed it before a special anti-money laundering court. The agency also said Mallya has huge property in the US in the name of his daughters – Leana and Tanya. Assets worth a staggering amount of Rs.9,600 crores has already been attached pertaining to the cases against Mallya.
Mallya who is in the UK has been arrested briefly by the Scotland Yard and was released soon after after being produced in the court which has asked India to submit all the relevant documents pertaining to the cases fied against him to order extraction to India.