Vijay Mallya failed to respond even after being marked as a proclaimed offender
In view of the Money Laundering Act, a Mumbai court on Thursday declared the liquor baron Vijay Mallya an “escapee” based on an appeal by the Enforcement Directorate.
The bureau said that the affirmation would enable them to annex his movable properties, including those abroad, as Mallya has failed to respond to several arrest warrants and appear before the court inspite of being marked as a “proclaimed offender”.
Enforcement Directorate wants Vijay Mallya in person
The Enforcement Directorate’s counsel Hiten Venegavkar said, “Now all the properties owed by Vijay Mallya, including the shares and debentures he holds in companies, are permitted to be annexed.” The Enforcement Directorate wants Mallya “in person” to continue its investigation of a Rs 900-crore loan granted by the IDBI Bank.
India on November 8 had asked the United Kingdom about Vijay Mallya’s whereabouts to apprehend the industrialist under the ‘Mutual Legal Assistance Treaty’.
Since the industrialist owes about Rs 9,000 crore to 17 different banks in India. November 5, a Delhi trial court had issued a non-bailable warrant against Mallya for avoiding summons issued to him in connection with a case relating to the violation of the Foreign Exchange Regulation Act.
Earlier in October, the Supreme Court had asked Vijay Mallya to provide details of his foreign assets. Mallya was pronounced as a proclaimed offender in June by a special Prevention of Money Laundering Act court in Mumbai.
As per the Indian law, a proclaimed offender is one who is escaping despite an arrest warrant issued against them. In view of all this the Enforcement Directorate moved court to have Mallya declared as a proclaimed offender as this is necessary for a red corner notice, which is an international crime alert, to be issued against him.
Mallya left the India on March 2 and since then has been in the United Kingdom. He claimed that he was in “forced exile” and that he cannot return to India.