The 63-year-old former Kingfisher Airlines boss is currently appealing against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.
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This property, overlooking the Regent Park, was used by Mallya as his family home.
When it comes to white-collar crime, the rewards for breaking rules far outweigh the risks of flouting laws and getting punished if spotted.
The agency is specifically investigating the role of the then Government of India Joint Secretary (banking), Amitabh Verma, as they found several references to in Mallay's emails.
A special PMLA court here today summoned beleaguered liquor baron Vijay Mallya to appear before it on August 27 on the Enforcement Directorate's plea seeking action against him under the fugitive economic offenders ordinance in the over Rs 9,000 crore bank fraud case.
A financial settlement with Mallya will give confidence to businessmen who have had serious financial fraud charges against them that they can buy their way out of a jail term.
The decision comes at a time when authorities are clamping down on shell companies - listed as well as unlisted - for being allegedly used as conduits for illicit fund flows.
Minister of State for Home Kiren Rijiju said the Indian government is confident about its evidence and satisfied with the cooperation from the UK side on extradition matters.
During the bilateral meeting with UK Minister for Security and Economic Crime, Ben Wallace, Union Minister of State for Home Kiren Rijiju was made aware of the undergoing case at the Westminster Magistrates' Court in London.
The government does not want anyone working in Air India to lose job, Raju said in the Lok Sabha, adding that the disinvestment process of the national carrier has been initiated.
Air Deccan is set to re-launch operations with its first flight under the government's Ude Desh Ka Aam Nagrik (UDAN) scheme on December 23.
Lawrence Saez, a professor in the Department of Politics at the School of Oriental and Asian Studies (SOAS) in London, is set to take the stand first at Westminster Magistrates' Court this morning to give his expert opinion on the Indian political system.
The 61-year-old will be back in the dock at Westminster Magistrates' Court in London for day four of the hearing when his defence led by barrister Clare Montgomery, is set to depose two further witnesses in its attempt to prove that the airline's alleged default of around Rs 9,000 crore worth of bank loans was the result of business failure rather than "dishonest" and "fraudulent" activity by its owner.
The AAI moved the court against Mallya and his now- defunct Kingfisher Airlines (KFA) after two cheques, adding up to Rs 100 crore, issued by the airline towards 'landing, parking and terminal navigation' charges were dishonoured.
With the Serious Fraud Investigation Office (SFIO) submitting a detailed report on the misdoings at Kingfisher Airlines, which went belly up in 2012, the government, regulators and banks are set to initiate strict actions to zero in on the guilty.
The visiting officials of the two central probe agencies will also submit the charge-sheet filed by the Enforcement Directorate in the case last month in Mumbai, said a senior official in the Mallya probe team.
Mallya is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 9,000 crores, has been living in the UK since March 2016.
The agency came out with a statement after reports that Crown Prosecution Service told a London court that it will require three-four weeks time to receive evidence from India.
ED has filed its first chargesheet against Vijay Mallya and 8 others, including IDBI Bank officials for alleged money laundering in the IDBI-KFA bank loan case.
The Enforcement Directorate (ED) and Central Board of Investigation (CBI) have unearthed these companies - around the globe including Singapore and London - used to divert loan money from the country.
India will press for early extradition of fugitive liquor baron Vijay Mallya from the UK when Home Secretaries of both the countries will meet here next month.