Didn’t receive any notice from ED: UB (Holdings)

New Delhi, June 13: United Breweries (Holdings) on Monday said it has not received any notice from the Enforcement Directorate (ED) for attachment of properties worth `1,411 crore of its promoter Vijay Mallya and UB Ltd in the IDBI Bank loan default case.

In a regulatory filing, the company said: “We have not received any letter or notice from the Enforcement Directorate (ED) yet and in the absence of which we are unable to give any comment or clarification in the matter.”

Last week, an ED official had said the agency has attached properties of Vijay Mallya and United Breweries Ltd under the Prevention of Money Laundering Act.

The assets under “provisional attachment” included bank balance of `34 crore, a flat each in Bengaluru and Mumbai (2,291 sqft and 1,300 sqft respectively), an industrial plot in Chennai (4.5 acres), a coffee plantation land in Coorg (28.75 acres) and residential and commercial constructed areas in UB CITY and Kingfisher Tower in Bengaluru (84,0279 sqft).

The attachment of properties is in connection with the `900 crore loan fraud with the IDBI Bank. Mallya, whose defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, left India on March 2.

The agency registered a money laundering case against him and others based on an FIR registered last year by the CBI. It is also investigating financial structure of the Kingfisher Airlines and possible payment of kickbacks to secure loans.