Kingfisher Airline  

Vijay Mallya continues to get illicit funds with the help of shell companies, Enforcement Directorate sources said. The residence of Bengaluru-based V Shashikant was raided after the ED obtained inputs on these alleged dubious financial transactions

Vijay Mallya requested the Supreme Court that no other properties other than that of Kingfisher Airlines facing cases of alleged irregularities be attached in the case. He is facing an extradition trial in the UK.

In 2013, a consortium of Indian banks led by State Bank of India approached United Breweries Holdings Ltd for the payback of a loan amounting to Rs 6,493 crore on behalf of Kingfisher Airlines

Under FEOO, the government can immediately confiscate all linked properties of Mallya in the country and abroad. The top sources in investigative agencies said the final details of the move are still not precise as they refused to reveal more details