Mallya secretly sells off coffee estates

Mallya secretly sells off coffee estates

Submitted by alvin on Tue, 2016-06-14 16:37 Madikeri: Liquor baron Vijay Mallya’s coffee estates near Madikeri have been quietly sold off to a Mangaluru-based A Janardhana Shetty, even before Enforcement Directorate could attach it.A total of 127 acres and 106 acres of coffee estates have been sold for Rs 130 crore and the properties have been registered in the name of Shetty.Mallya owns 388.74 acres of coffee estate however, only a part of it remains with him now. It is learnt that the ED has taken possession of 28 acres and documents related to them.