More Trouble for Vijay Mallya, Cannot Withdraw Rs 515 cr

More-Trouble-for-Vijay-MallLiquor baron Vijay Mallya has finally landed in the dragnet of Enforcement Directorate which registered a case against him in the case relating to default of Rs 900 crore to IDBI. The Debt Recovery Tribunal has frozen his account and he is forbidden from accessing Rs 515 crore (of DIAGEO deal). This is considered a huge setback for the lavish businessman who still maintains that he can settle the matter with the banks but what is haunting everyone is that he is not talking about paying the salaries, arrears to scores of his employees. The next hearing with ED is posted for March 28.

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