Delhi court lifts Mallya’s exemption from appearance for evading summons
A Delhi court on Saturday revoked the permanent exemption from personal appearance granted to businessman Vijay Mallya in connection with the alleged violation of foreign exchange rules.india Updated: Jul 09, 2016 15:12 IST
A Delhi court on Saturday revoked the permanent exemption from personal appearance granted to businessman Vijay Mallya in connection with the alleged violation of foreign exchange rules.
The order comes on the request of the Enforcement Directorate, which is investigating allegations of money laundering against the liquor baron.
The ED argued that the court should recall its December 2000 order as a Prevention of Money Laundering Act (PMLA) court in Mumbai had issued an open-ended warrant against Mallya. A special PMLA court recently declared Mallya, who fled the country on March 2, a ‘proclaimed offender’.
A person can be termed a ‘proclaimed offender’ in a criminal case probe if the court has reason to believe that the accused against whom a warrant of arrest has been issued has absconded or is concealing himself so such a warrant cannot be executed.
The ED has alleged that Mallya violated the Foreign Exchange Regulation Act when he signed a contract with London-based firm Benetton Formula Ltd in December 1995 for promoting his Kingfisher liquor brand abroad. He allegedly paid the money without prior approval of the Reserve Bank of India.