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

Chandrababu Naidu Thanks Centre For Swift Support As Cyclone Murasu Batters Andhra Pradesh
Chandrababu Naidu Thanks Centre For Swift Support As Cyclone Murasu Batters Andhra
MEA, PIB Flag Fake Video Showing Jaishankar-Lavrov Exchange, Russian Embassy Says ‘Stop AI Fakes’
Fake Video Shows Lavrov Mocking Jaishankar? MEA Issue Alerts Over Manipulated Footage
Two Severe Cyclones In Five Days: El Niño, Warm Seas Fuel Unusual Andhra Weather
Two Severe Cyclones In Five Days: El Niño, Warm Seas Fuel Unusual Andhra Weather
Aga Ruhullah Quits NC, Resigns As MP In Fresh Blow To Omar Abdullah Amid Party Rebellion
Aga Ruhullah Quits NC, Resigns As Srinagar MP At Rally In Fresh Blow To Omar Abdullah

Videos

BJP Counterattack: Party Launches ‘Save Democracy, Remove Anarchy’ March In UP
Diwali Crackdown: Authorities Intensify Raids Against Sweet Adulteration Across Four Cities
FDA Crackdown: 1,188 Kg Of Suspected Adulterated Motichoor Laddoos Seized In Pune
ED Action: Azam Khan's Jauhar University Case Moves Towards Chargesheet
Nepal Tragedy: Helicopter Collision Near Everest Claims Indian Tourist's Life

Photo Gallery

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