No show in PMLA court, ED can now attach Vijay Mallya properties

The ED, which is investigating the alleged Rs 900 crore bank loan default case against Mallya, can now attach his properties across the country including those which are not connected to this case.

By: Express News Service | Mumbai | Published: July 30, 2016 3:53 am
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A SPECIAL court in Mumbai has allowed the Enforcement Directorate to execute its order declaring Vijay Mallya a proclaimed offender after he failed to appear before the court within a one month deadline. The ED, which is investigating the alleged Rs 900 crore bank loan default case against Mallya, can now attach his properties across the country including those which are not connected to this case.

Last month, the ED had informed the court that despite a non-bailable warrant issued against him in March, the agency had not been able to execute it since he was not in the country. ED counsel Hiten Venegaonkar had told court on June 14 that once Mallya is declared a proclaimed offender, a red-corner notice against him too can be issued. On Friday, Venegaonkar confirmed that the deadline to appear before the ED court had ended and the agency has now been allowed to execute its order against Mallya.

 

 

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