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Vijay Mallya sells coffee estate in Koorg; ED fumes - HMTv

Mon, Jun 13, 2016, 02:51 PM
Defaulter in thousands of crores of rupees of bank loans, Vijay Mallya has secretly sold a coffee estate in Koorg. After Enforcement Directorate (ED) gave notice to the corporate king, it has confiscated all his properties. But Mallya appears to have sold the estate. ED however is crying foul that the sale is not valid. But Mallya it seems is fighting back, saying that if the ED takes over his properties, how can be ever repay the bank loans.
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