A designated court under Fugitive Economic Offenders Law has summoned liquor baron Vijay Mallya for appearing before them on 27th August, within days of the Enforcement Directorate’s moving the court to declare him a ‘fugitive economic offender’. A special PMLA (Prevention of Money Laundering Act) court on Saturday summoned the former ‘king of good times’ Vijay Mallya on August 27 under the recently promulgated Fugitive Economic Offenders Ordinance, 2018. Last week, the ED (Enforcement Directorate) made its first official move to clampdown against big bank loan defaulters as it moved court against Vijay Mallya seeking to declare him a ‘fugitive offender’ and to confiscate his assets worth Rs 12,500 crore.
A designated court under Fugitive Economic Offenders Law has summoned liquor baron Vijay Mallya for appearing before them on 27th August, within days of the Enforcement Directorate’s moving the court to declare him a ‘fugitive economic offender’. A special PMLA (Prevention of Money Laundering Act) court on Saturday summoned the former ‘king of good times’ Vijay Mallya on August 27 under the recently promulgated Fugitive Economic Offenders Ordinance, 2018. Last week, the ED (Enforcement Directorate) made its first official move to clampdown against big bank loan defaulters as it moved court against Vijay Mallya seeking to declare him a ‘fugitive offender’ and to confiscate his assets worth Rs 12,500 crore.
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