Fugitive businessman Vijay Mallya's property worth Rs 14 crore located in France has been seized under the anti-money laundering law. Acting on the request of the Directorate of Enforcement (ED), Mallya's property located at 32 Avenue FOCH was seized by the French Authority.

According to ED officials, the value of the seized asset in France is 1.6 million Euros (approximately Rs 14 crore). Investigations conducted under PMLA revealed that a large amount was remitted abroad from the bank account of M/s. Kingfisher Airlines Ltd. (KAL).