Vijay Mallya declared ‘proclaimed offender’

• Eastern Eye Staff
• 16 June, 2016

By: Eastern Eye Staff

Beleaguered Indian tycoon Vijay Mallya was on Tuesday (14) declared a proclaimed offender by a special Indian court after a plea by an investigating agency over an alleged bank loan default. India’s Enforcement Directorate (ED) moved the court to issue an order and term the liquor baron a proclaimed offender as he has “multiple” arrest warrants pending against him, including a non-bailable warrant (NBW) under the Prevention of Money Laundering Act (PMLA). “The ED application is allowed and proclamation is issued against Vijay Mallya,” ordered special judge PR Bhavke in Mumbai. Mallya left India in March for the UK, under…

You do not have access to this content. You need to subscribe.