Advertisement
Saturday, Sep 25, 2021
Outlook.com
Outlook.com

Court To Hear ED Plea Seeking 'Fugitive' Tag For Mallya On Dec 26

Mallya, through his lawyer Amit Desai, had sought dismissal of the plea and termed the new Act as "draconian" in nature.

Court To Hear ED Plea Seeking 'Fugitive' Tag For Mallya On Dec 26
| File Photo
Court To Hear ED Plea Seeking 'Fugitive' Tag For Mallya On Dec 26
outlookindia.com
2018-12-17T19:27:57+05:30

A special court will be hearing the case of businessman Vijay Mallya on December 26.
The Enforcement Directorate (ED) has filed a plea seeking declaration of beleaguered businessman Vijay Mallya as a "fugitive economic offender" and confiscation of his properties.

The Enforcement Directorate (ED) had filed an application before the special Prevention of Money Laundering Act (PMLA) Court requesting it that Mallya, facing charges of financial irregularities, be declared a fugitive under the Fugitive Economic Offenders' Act, 2018.

Under the provisions of the Act, once a person is declared a "fugitive economic offender", the prosecuting agency has the powers to confiscate his properties.

After hearing detailed arguments over the plea, PMLA Judge M S Azmi said an order on the application will be given on December 26.

Mallya, through his lawyer Amit Desai, had sought dismissal of the plea and termed the new Act as "draconian" in nature.

Desai Monday countered ED's claims that the liquor baron had left India for Geneva in March 2016 with "300 luggage bags" under the garb of attending a conference but in reality he was fleeing the country.

"The ED should find out from the airline provider how many bags he (Mallya) had before making such wild allegations," Desai said.

Desai also submitted an affidavit on behalf of his client which included the minutes of a meeting held in Paris on December 2, 2015 which he claimed was attended by Mallya.

According to the affidavit, it was in this meeting that it was decided to hold the March 2016 meeting in Geneva, Switzerland.

Mallya, who is currently in the United Kingdom, has been charged by the ED of defaulting on bank loans to the tune of Rs 9,000 crore.

The 62-year-old businessman is also facing money laundering charges. A court in London has ordered his extradition to India.

(PTI)

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

7 New Faces Likely In Punjab Cabinet; 5 Amarinder Singh Loyalists May Face Axe

7 New Faces Likely In Punjab Cabinet; 5 Amarinder Singh Loyalists May Face Axe

The new Punjab cabinet comprising 15 ministers will take oath on Sunday, the state’s Chief Minister Charanjit Singh Channi announced after having deliberations with the party high command.

Quad Not A Military Alliance, But Will Challenge China's Outreach In Indo-Pacific

Quad Not A Military Alliance, But Will Challenge China's Outreach In Indo-Pacific

Quad is to checkmate China’s growing profile as a nation giving humanitarian aid to nations across Asia and Pacific, and it wants to challenge China’s soft power bid in the region.

IPL 2021, DC Vs RR, Live Scores: Injury Cloud Over Marcus Stoinis In Abu Dhabi

IPL 2021, DC Vs RR, Live Scores: Injury Cloud Over Marcus Stoinis In Abu Dhabi

Follow live cricket scores and updates of DC vs RR here. Delhi are on top of the points table along with Chennai Super Kings.

Police Reforms In India Are Long Overdue But No Government Has Made It A Priority

Police Reforms In India Are Long Overdue But No Government Has Made It A Priority

Several commissions were appointed from time to time at the state and central levels for reforms in the police, but their core recommendations were never accepted.

Advertisement