Vijay Mallya declared a ‘fugitive economic offender’by PMLA court
The Enforcement Directorate filed an application before the special court in Mumbai requesting Mallya to be declared as fugitive offender
In a second major setback for erstwhile liquor baron Vijay Mallya, the special court in Mumbai today declared has declared him a ‘Fugitive Economic Offender’, making him first businessman to be charged under the new anti fugitive law. This means now the government can initiate to confiscate his properties in alleged Rs. 9,000 crore loan default case.
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