PMLA court in Mumbai allows restoration of properties of fugitive liquor baron Vijay Mallya

A special court PMLA court in Mumbai, Maharashtra, has restored fugitive liquor baron Vijay Mallya properties in the recent developments. The properties were previously seized by Enforcement Directorate. This was the second such order that was passed in over a week. Times Now’s Rakesh joins in to explain the worth of assets that are expected to now be released that can be given to the banks. It is being reported that the assets worth Rs. 5,600 crores will be released by the special PMLA court in Mumbai. This has been a big win for banks in the Vijay Mallya case. After selling these properties, the banks will now be able to recover the amount, and only 10 percent is said to be remaining. The property was seized by the Enforcement Directorate during the alleged money laundering case. Watch the video to know more!

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