ED Seizes Vijay Mallya's Assets In France Under PMLA

Under the Prevention of Money Laundering Act, Vijay Mallya's assets worth Rs 14 crore has been seized by the Enforcement Directorate in France. Through the French authorities, ED successfully took action against Mallya who has been accused as a defaulter of over Rs 9,000 crore. Reportedly, Mallya has been in the UK since 2016, and only be brought back to India after completing a separate judicial and confidential process.