Wednesday, January 1, 2020

Banks allowed to utilise Vijay Mallya#39;s movable assets to clear debt

Banks allowed to utilise Vijay Mallya#39;s movable assets to clear debt The assets, comprising financial securities like shares of the United Breweries Holdings Ltd (UBHL), were attached by the special Prevention of Money Laundering Act (PMLA) court in 2016 when it declared Mallya a proclaimed offender.

from Moneycontrol Business News https://ift.tt/2MJnDMq
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