Vijay Mallya: Special Court gives 3 weeks to respond to ED’s application

India’s fugitive business tycoon Vijay Mallya, who has been out of the country for months, was given a three-week time by a Mumbai’s special court to respond to the enforcement Directorate’s application to declare him fugitive

Vijay Mally has to file his reply by September 24, after that the Court will decide the course of hearing. During Vijay Mallay’s last hearing which was held on August 27, several other parties had sought to implead themselves in the Vijay Mallya’s fraud of more than Rs 9,000 crore bank loans.

According to some officials who said that, “At least five parties, including a family member of Vijay Mallya, has sought court documents with regard to the ED seeking to get declared the businessman a fugitive economic offender under the new law and hence the court posted the matter for Monday.”

This is not the first time, when the court had summoned him to appear in the court, on June 30 the court had issued a notice requesting Vijay Mallya to appear in the court before August 27 following the ED charged the liquor baron under the new law as it enlarged its money laundering probe against him and others in a RS 9,000 alleged bank fraud case.

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The central investigation agency has also sought immediate confiscation of his assets worth about Rs.12,500 crore of Vijay Mallya as part of this latest action. The court had earlier issued non-bailable warrants against the Vijay Mallya in two different cases filed by the Enforcement Directorate.

Liquid barron, Vijay Mallya, his now defunct venture Kingfisher Airlines Limited and others availed loans from various banks and the outstanding amount, including interest, against him is Rs.9,990.07 crore at present, the officials had said while filing the plea under the new law. Vijay Mallya is now contesting his extradition case in London filed by the Indian government on behalf of the CBI and ED.

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