Court declares Vijay Mallya an offender in bank loan fraud case

A special PMLA court yesterday declared Vijay Mallya a proclaimed offender in connection with a bank loan fraud case. The Enforcement Directorate (ED) had filed the application last week.

The Special ED prosecutor told the Prevention of Money Laundering act (PMLA) court that Mallya has failed to respond and/or present himself, in spite of issuance of summons, after which the non-bailable warrant (NBW) was issued.

An officer was also deputed to visit all the available addresses of Mallya, which is Ewert House in Fort and Niladri at Napean Sea Road. It was found that Mallya was not available at either of the addresses and neither in his UB group office in Bangalore.

It was later learnt that he was in London due to which Mallya’s passport has been revoked.

The prosecutor further said that the NBW has also been forwarded to the Indian Embassy and a proposal for issuing a Red Corner Notice is also in process.

The ED report filed last week further says that a security supervisor by the name of S S Tambe working in Niladri told an officer on June 1 this year that Mallya visited the house three months ago.

However, he maintained that he doesn’t know about his current whereabouts. The officers also visited his Fort office to learn that his employees are not aware of his whereabouts. Prosecutor had also submitted two newspaper cuttings to show that Mallya knows about an NBW being issued against him.

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