PMLA court orders Vijay Mallya’s properties worth Rs 5,040 Cr to be released to banks
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A special Prevention of Money Laundering Act (PMLA) court has ordered fugitive liquor baron Vijay Mallya and his company’s properties worth a total of Rs. 5,040 crore to be released to a consortium of 12 banks led by SBI, to whom he owes Rs. 6,203 crore. A farmhouse in Alibaug worth Rs. 24 crore is also among the properties.