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Baron Alcohol Vijay Mallya suffered a second setback in the week after a Mumbai special court on Thursday dismissed his application to suspend the application of the Law Enforcement Branch. declare him "fugitive" under fugitive economic offenses. Law, officials said.
The Money Laundering Prevention (PMLA) Court comes a week after the Bombay High Court (November 22) dismissed a similar appeal filed by Mallya.
Among other things, the former head of the late Kingfisher Airlines is wanted for allegedly committing bank fraud in the amount of 9,000 crores of rupees, and is currently fighting in the UK, fighting several cases.
On June 22, ED had transferred the special court of PMLA. declare Mallya "fugitive economic delinquent" and confiscate all its properties, estimated at more than 12,000 crores of rupees, making it the first case of this type under the new law on the FEOA
. before it on August 27, but he did not honor the court summons, in addition to other notices, subpoenas and arrest warrants on behalf of the DE who wished to see him. ; interview.
Mallya, 63, escaped from the country around March 2016, even though a consortium of 13 banks – led by the State Bank of India (SBI) – was preparing to initiate a recovery proceeding loan against him.
India has initiated an extradition procedure against him that he had contested and pending the final decision. In the case, he is currently on bail in London.
First published: Nov. 29, 2018 22:23 IST
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