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Vijay Mallya's Properties To Be Attached In Money Laundering Case

Vijay Mallya was declared a proclaimed offender for evading summons in money laundering cases in violation of FERA. On March 27th, 2018 Delhi Court ordered the attachment of the properties of Vijaya Mallya and asked to submit a report to that regard on Mat 8th 2018. This Court was hearing the ED plea seeking to attach the properties of Mallya who failed to appear before the court despite several summons.
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On Tuesday, Chief Metropolitan Magistrate of a Delhi court, Deepak Sherawat ordered to attach the properties of businessman Vijay Mallya. Vijay Mallya was declared a proclaimed offender for evading summons in money laundering cases in violation of FERA. He directed the attachment through Police Commissioner, Bengaluru and submit a report by May 8th in that regard.

 

The above mentioned court was hearing an Enforcement Directorate plea seeking attachment of Vijay Mallya’s property. The Court on January 4th declared Mallya a proclaimed offender not his non appearance despite repeated summons.

 

The anti-money laundering agency issued summons to Mallya with the allegation of payment of $200000 to a British firm for displaying Kingfisher logo during the Formula One World Championship in London in 2000, and to some other European countries in 1996, 1997 and 1998. When Mallya failed to appear before ED in response to the summons based on the complaints filed on March 8th 2000, charges against him was framed under FERA.

 

Court issued a bailable warrant on November 6th, 2016, but Mallya showed no sign to return to India. It also said that coercive process might be applied is required. Mallya pleaded that he wanted to return to India but his passport has been revoked, and reportedly submitted before court in London on September 9th that he wants to return to India but he has been incapacitated by the Passport Authority of India. On April 12th, 2017 the court issued an open ended non-bailable warrant against Mallya, which does not have any time limit for execution like simple non bailable warrants.

 

Vijay Mallya fled to UK in March 2016 after the Kingfisher Airlines default on loans worth nearly INR 9000 crore and some other matters.

 

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Reviewed by:
Rashmita Das
Published on 27-Mar-2018
739 views

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