Explorer

Vijay Mallya now a 'proclaimed offender'

Mumbai: A Special Prevention of Money Laundering Act ( PMLA) court on Tuesday gave it assent to the Enforcement Directorate's (ED) plea to declare liquor baron Vijay Mallya as a 'proclaimed offender'. "Order under Section 82 must be passed to declare Vijay Mallya a 'proclaimed offender'," ED lawyers told the court. Former Kingfisher Airlines employee Anirudh Ballal, who is leading a movement to seek unpaid salaries from the now de0funct airlines, welcomed the decision and said it would serve as a lesson to other such offenders. Blog by Virendra Kapoor: Come November, Americans must overcome the Orlando challenge "This is a big judgment by the honourable court for declaring such a highly reputed person like Vijay Mallya as an proclaimed offender on the behest of ED. This has given a strong indication that this government is indeed very serious about bringing defaulters like Dr. Mallya to justice," he told ANI.     "It is a lesson for the other defaulters that if they try to play with public money they will have to face the law. I also appeal to the government that our unpaid dues be recovered from Dr. Mallya," he added. The Enforcement Directorate had on Friday urged the court to declare the absconding tycoon a ' proclaimed offender'. The Enforcement Directorate, which has been probing Mallya, had also issued a non-bailable warrant against him. The agency alleges that out of the Rs. 900 crores loan taken from IDBI bank in 2009, Rs. 430 crores had allegedly been dispatched illegally outside the country. ALSO READ: Sofia’s transformation just a publicity stunt: Ex-bigg Boss contestant Both the Enforcement Directorate and the Central Bureau of Investigation are probing Mallya for the Rs. 9,000 crores loan scam. Mallya had taken this amount as loan from several banks in order to pay dues of his now defunct Kingfisher Airlines. Despite Mallya's visa getting cancelled by the Indian government recently, the liquor baron has managed to stay on in the United Kingdom. Minister of State for Finance, Jayant Sinha had on Thursday said the government is working on the extradition of liquor baron Vijay Mallya from Britain

Top Headlines

Rebellion Within TMC? Why Mamata's Trinamool Congress Is Facing Internal Dissent
Rebellion Within TMC? Why Mamata's Trinamool Congress Is Facing Internal Dissent
TMC Turmoil: Mahua Moitra Tells Yusuf to 'Have Some Shame'; Saugata Says BJP Approached Him
TMC Turmoil: Moitra Tells Yusuf to 'Have Some Shame'; Saugata Says BJP Approached Him
'Lifeboat on Fire': India Says 24 Seafarers Safe, Airlifted After Blaze on MT Merry Vex
'Lifeboat On Fire': India Says All 24 Seafarers Safe After Blaze On MT Merry Vex
Big Setback To RJD: Shivchandra Ram Breaks Down, Cries Uncontrollably After Resigning
Big Setback To RJD: Shivchandra Ram Breaks Down, Cries Uncontrollably After Resigning

Videos

Breaking: TMC Faces Fresh Turmoil as Rebel MPs Reportedly Meet Bhupender Yadav Amid Defection Buzz
West Bengal Politics: TMC MPs Meet Bhupender Yadav Amid Growing Speculation of Internal Rift
INDIA Bloc Briefing: Leaders Unite in Delhi, Press Meet Set at 2:30 PM After Key Talks
Missile War Update: Iran Fires 11 Ballistic Missiles at Israel Including Kheibar Shekan Strike
Middle East War: Iran-Israel Missile Exchange Intensifies as Regional Tensions Surge

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget