{
  "id": 6485323,
  "title": "'Assets Worth ₹14,131 Crore Attached Against ₹6,203-Crore Liability': Vijay Mallya",
  "url": "https://urgent.news/2026/09/09/assets-worth-14-131-crore-attached-against-6-203-crore-liability",
  "topic": "world",
  "section": "World",
  "published": "2026-09-09T21:18:48.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/assets-worth-14131-crore-attached-against-6203-crore-liability-vijay-mallya"
  },
  "original_language": "en",
  "account": "Mumbai, September 9, 2026: Despite the lack of a trial commencement for nearly ten years, the Directorate of Enforcement (ED) and the Central Bureau of Investigation (CBI) are still investigating Vijay Mallya and Kingfisher Airlines. Mallya recently revealed that his assets worth over ₹14,131 crore have been seized against his liability of ₹6,203 crore. The CBI initially registered a case against Mallya on July 29, 2015, following a complaint from IDBI for loan default. A second case was filed on August 12, 2016, by a consortium of banks led by the State Bank of India. The Enforcement Directorate launched a money-laundering probe against Mallya in January 2019. Mallya was labeled a fugitive economic offender in January 2019 by a special court, a decision that his legal team is currently appealing in the Bombay High Court. Despite contesting the fateful tag, the agencies have not concluded their investigation into the alleged misappropriation of funds and money laundering. The special court has yet to frame charges, as some accused's discharge applications are still pending. Meanwhile, the government is also pursuing Mallya's extradition to prosecute him. Mallya's argument is that his assets worth more than ₹14,131 crore have been attached against his liability of ₹6,203 crore. The Enforcement Directorate recently submitted an affidavit to the High Court, responding to Mallya's lawyer's claim that most attached assets have already been addressed in the original proceedings. The affidavit states that the Debt Recovery Tribunal determined Mallya's liability at around ₹6,203 crore in a January 19, 2017, order.",
  "summary": "Mumbai, September 9, 2026: Even after ten years since the CBI and ED registered the case against Vijay Mallya and Kingfisher Airlines, the trial has not yet commenced and agencies are still continuing with their probe. Meanwhile, Mallya on Tuesday night stated that his assets worth more than Rs 14,131 crore have been attached against his liability of Rs 6,203 crore. The CBI had first registered a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}