September 15 2017
Britain’s Serious Fraud Office is conducting a probe against beleaguered liquor baron Vijay Mallya for money laundering in the UK, Switzerland and other countries, a media report citing sources said today. Under scanner is the alleged use of a complex web of companies used to launder money from India to the UK and beyond. The SFO’s probe is aimed at determining whether Mallya used British companies linked to him to allegedly launder the money.
A Times of India report, citing sources, said that British investigators have already collected substantial information about Mallya’s movable and immovable assets, his investment and shares in various companies in the UK and bank account details. The authorities in the UK have also informed India about its independent ‘formal’ probe against Mallya and sought details of money laundering charges against him along with an account of his assets abroad from CBI and ED.