DRT Court sold UBL shares worth over ₹ 5,800 crore in Vijay Mallya case

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New Delhi: The DRT Court has sold the shares of fugitive liquor baron Vijay Mallya’s worth over ₹ 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe.

According to the ED sources on Wednesday further realization of ₹ 800 crore by sale of shares is expected by June 25, the central probe agency said in a statement. Recently, it said, the agency had transferred shares attached by it (worth about ₹ 6,600 crore) to the SBI-led consortium as per order of the special PMLA, Mumbai.

DRT on behalf of SBI-led consortium, has sold shares of United Breweries Limited for ₹ 5824.50 crore on Wednesday, the Enforcement Directorate said. Vijay Mallya has lost the case against his extradition to India and he has been denied permission to file appeal in the UK Supreme Court. His extradition to India has become final, the ED said.

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