Vijay Mallya properties to be attached in FERA violation case

Published on 28 Mar 2018 by Shivi

On Tuesday, the Delhi Court ordered the attachment of properties of businessman Vijay Mallya. Mallya was proclaimed a proclaimed offender for avoiding summons in a money laundering case filed under the FERA.

Chief Metropolitan Magistrate Deepak Sherawat ordered the attachment of his property through the Police Commissioner of Bangalore and asked for a report by May 8 about the adherence to the order.

The money laundering case relates to Mallya’s involvement in an alleged payment of $2,00,000 to a British company for displaying Kingfisher logo during the Formula One World Championships in London and European countries in 1996, 1997 and 1998

On January 4, the court had declared Mallya a proclaimed offender as he failed to appear before the court despite numerous summons sent to him in the FERA violation case.

An open-end non-bailable warrant was issued in April 2017, which has no time limit for arresting the person. The court later observed that Mallya had no intention to return and he had no respect for the law.

In light of this, the court expressed the need to take stringent action against Mallya as there were numerous cases against him, which he was blatantly avoiding.

Mallya has been living in London and submitted the plea before the court that he was incapacitated to travel to India as his passport was revoked by the Indian authorities even when he had the best intentions to come before the court.



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