Vijay Mallya's 8 luxury cars to be auctioned for Rs 14 lakh

Beleaguered businessman Vijay Mallya's 8 luxury cares will be auction by public lender SBI on August 25.

Zee Media Bureau

New Delhi: Beleaguered businessman Vijay Mallya's 8 luxury cares will be auctioned by public lender SBI.

The auction will be held on August 25 for cars that will fetch the bank Rs. 13.70 lakh. He owes Rs. 6,963 crore to the bank.

Mallya is wanted by the Enforcement Directorate in its money laundering probe and the agency has also sought a global arrest warrant against them from the Interpol.

The Enforcement Directorate (ED) has published a court-issued proclamation for Mallya to appear before the special PMLA court on July 29. The Enforcement Directorate had earlier in May obtained a non-bailable warrant against Mallya from a Mumbai court