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Business News/ Companies / ED to initiate fresh attachment of Vijay Mallya’s assets
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ED to initiate fresh attachment of Vijay Mallya’s assets

A PMLA court last month issued a proclamation order against Vijay Mallya asking him to appear before it on Friday, which he failed to do

A file photo of Vijay Mallya. Photo: MintPremium
A file photo of Vijay Mallya. Photo: Mint

Mumbai: The enforcement directorate (ED) is expected to initiate a fresh action of attachment of assets against liquor baron Vijay Mallya who on Friday skipped appearance before a Prevention of Money Laundering Act (PMLA) court in connection with a probe against him in an alleged bank loan fraud case.

The court last month issued a proclamation order against Mallya asking him to appear before it on Friday, after saying he has “absconded" and was “concealing" himself to avoid arrest.

The ED had also published in newspapers the court-issued proclamation against Mallya for appearance before the special PMLA court.

People familiar with the matter said the ED will now proceed under relevant sections of the Code of Criminal Procedure (CrPC) and further attach Mallya’s assets even as the court is expected to declare him a proclaimed offender after he skipped the summons.

The proclamation was issued by a special anti-money laundering court on 14 June under Section 82 of the CrPC at the request of ED which is probing Mallya’s role in the 900 crore IDBI Bank and Kingfisher Airlines loan case.

The ED had sought the proclamation notice to be issued against Mallya as it said he had “multiple" arrest warrants pending against him, including a non-bailable warrant under the PMLA, and that the agency wants him to join the probe “in person".

A person can be termed a proclaimed offender in a criminal case probe if the court has reasons to believe that the accused against whom a warrant of arrest has been issued by it, has absconded or is concealing himself so that such warrant cannot be executed.

The ED has already attached his properties worth about 1,411 crore under the PMLA in this case.

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Published: 29 Jul 2016, 10:56 PM IST
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