1. Vijay Mallya declared a ‘proclaimed offender’ by PMLA court

Vijay Mallya declared a ‘proclaimed offender’ by PMLA court

Special PMLA court today declared liquor baron Vijay Mallya a proclaimed offender in an alleged bank loan fraud case.

By: | Updated: June 14, 2016 5:16 PM
“Under Sec 82, courts can give Vijay Mallya 30 days to be present for probe”, said the ED counsel earlier today. (AP Photo) “Under Sec 82, courts can give Vijay Mallya 30 days to be present for probe”, said the ED counsel earlier today. (AP Photo)

Special PMLA court today declared liquor baron Vijay Mallya a proclaimed offender in an alleged bank loan fraud case.

Enforcement Directorate (ED) had earlier asked asked the Anti money laundering court to declare him as a proclaimed offender as he is still absconding.

“Under Sec 82, courts can give Vijay Mallya 30 days to be present for probe”, said the ED counsel earlier today.

Mallya, whose defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, left India on March 2.

The agency registered a money laundering case against him and others based on an FIR registered last year by the CBI.

It is also investigating financial structure of the Kingfisher Airlines and possible payment of kickbacks to secure loans.

The ED is also seeking to invoke the India-United Kingdom Mutual Legal Assistance Treaty (MLAT) to have him extradited from Britain.

(With inputs from PTI)

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