Mumbai court declares Vijay Mallya proclaimed offender in bank loan case | Latest News India - Hindustan Times
close_game
close_game

Mumbai court declares Vijay Mallya proclaimed offender in bank loan case

ByPTI, Mumbai
Nov 10, 2016 08:48 PM IST

A person against whom a warrant has been issued can be declared a proclaimed offender if the court believes that he or she has absconded or is evading execution of warrant.

In more trouble for beleaguered businessman Vijay Mallya, a special PMLA court in Mumbai on Thursday declared him a ‘proclaimed offender’ and directed the Enforcement Directorate to attach movable properties which were listed by the agency in its application.

A special court declared Mallya a ‘proclaimed offender’ and directed the Enforcement Directorate to attach movable properties which were listed by the agency in its application.(Agencies File Photo)
A special court declared Mallya a ‘proclaimed offender’ and directed the Enforcement Directorate to attach movable properties which were listed by the agency in its application.(Agencies File Photo)

“It is pronounced and declared that the accused Vijay Mallya is the proclaimed offender. The movable properties (shares) belonging to the accused be attached,” ordered judge P R Bhavke.

Hindustan Times - your fastest source for breaking news! Read now.

However, the court rejected ED’s request for attachment of the liquor baron’s overseas properties.

ED had moved the court last month seeking that Mallya be declared a proclaimed offender and his properties be attached as he did not comply with a proclamation order issued against him in June requiring him to appear before the court.

The agency had sought an order from the court under the Criminal Procedure Code’s section 82 (proclamation of absconding person) as several arrest warrants were pending against him.

A person against whom a warrant has been issued can be declared a proclaimed offender if the court believes that he or she has absconded or is evading execution of warrant.

ED wanted Mallya to join the investigation “in person” in connection with probe under the PMLA, and in cases related to a Rs 900-crore loan from IDBI Bank. It said it had exhausted other legal remedies like seeking Interpol arrest warrant and getting his passport revoked.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On