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Court declares Vijay Mallya a fugitive economic offender
Updated On: 05 January, 2019 03:50 PM IST | Mumbai | PTI
The ED had requested the Prevention of Money Laundering Act (PMLA) court that Vijay Mallya, who is currently in the UK, be declared a fugitive and his properties be confiscated and brought under the control of the Union government
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Indian tycoon Vijay Mallya smokes outside court for a break as he attends a hearing at Westminster Magistrates Court in central London on December 10, 2018. Pic/AFP
A special court in Mumbai on Saturday declared absconding liquor baron Vijay Mallya a fugitive economic offender (FEO) on a plea of the Enforcement Directorate. Mallya has become the first businessman to be declared EFO under the provisions of the new Fugitive Economic Offenders Act which came into existence in August last year.
The ED had requested the Prevention of Money Laundering Act (PMLA) court that Mallya, who is currently in the UK, be declared a fugitive and his properties be confiscated and brought under the control of the Union government as per the provisions of the new FEO Act.
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