New Delhi: A Delhi court on Friday issued non-bailable warrant to UB Group chairman, Vijay Mallya, for evading summons in a Foreign Exchange Regulation Act (FERA) violation case against him.
Troubles for Mallya may be far from over as chief metropolitan magistrate Sumit Dass held that he was ‘deliberately evading courts summon order and stalling proceedings’.
“Keeping Mr. Mallya’s conduct in mind, he has stunned the process of law, has no intention to come back to India and is abusing the process of law.” he added.
It was further observed that despite the fact that Mallya was not returning to India even though he could obtain an emergency travel document seemed to be a deliberate tactic to not return to the country.
Mallya had earlier told the court that he wanted to return to India but could not do so as the government had revoked his passport.
The court was hearing a plea by enforcement directorate (ED) against Mallya for alleged violation of foreign exchange regulations. It had claimed that certain transactions by Mallya’s Formula 1 team with a British company, Benetton Formula Ltd. were in violation of FERA.
Mallya has been summoned on four previous occasions for questioning in connection with a contract signed in December 1995 with London-based firm Benetton Formula Ltd. for promotion of the Kingfisher brand abroad.
The case will be heard next on 22 December.