A Prevention of Money Laundering Act (PMLA) court in Mumbai declared liquor baron Vijay Mallya a ‘proclaimed offender’ on Tuesday in an alleged bank loan fraud case after accepting the Enforcement Directorate’s plea.
The government has already cancelled Mallya’s passport and requested Britain to deport him. But London has rejected the demand. According to the law, a person labelled a proclaimed offender is required to appear at a designated place, time in under 30 days from the day of court’s order. – India Today reported.
Both the Enforcement Directorate and the Central Bureau of Investigation accusing Mallya for the Rs. 9,000 crores loan scam. Mallya had taken this amount as loan from several banks in order to pay dues of his now defunct Kingfisher Airlines. ED is also investigating financial structure of Kingfisher Airlines and looking into any payment of kickbacks to secure loans.
Mallya had left India on March 2 using his diplomatic passport.