United Breweries (Holdings) ltd on Thursday said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case.
In a regulatory filing, it listed 7 of its properties valued at a total of Rs1,375.94 crore at different locations in Mumbai, Bangalore and TN, which have been ‘provisionally attached’ by the ED. UBHl said it has received a ‘provisional attachment order’ dated June 11, 2016 for the seven properties belonging to it for a period of 180 days, from the date of order, in connection with investigation against Mallya, Kingfisher Airlines and others under the Prevention of Money laundering Act, 2002.
“It is seeking legal advice in order to take appropriate steps that may be required in this regard,” UBHl said in the filing. last week, the ED had attached properties of which included bank balance of Rs34 crore, a flat each in Bengaluru and Mumbai (2,291 sq ft and 1,300 sq ft), an industrial plot in Chennai (4.5 acres), a coffee plantation land in Coorg (28.75 acres).