It’s Official, Vijay Mallya, Who Defaulted On Rs 9,000 Crore, Is A ‘Fugitive Economic Offender’

November 30, 2019 0 By NIKESHOE

Businessman Vijay Mallya has finally been declared a ‘fugitive economic offender’ by the Enforcement Directorate (ED). It was back in November when ED submitted an application before a court requesting to declare Mallya, who is facing charges of financial irregularities, a fugitive under the Act.

The embattled liquor baron has become the first person to be declared a ‘fugitive economic offender’ under the Fugitive Economic Offenders’ Act, 2018 by a special Prevention of Money Laundering Act (PMLA) Court in Mumbai.

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REUTERS