Beleaguered businessman Vijay Mallya could be declared a proclaimed offender (PO) if he fails to appear before a Prevention of Money Laundering Act (PMLA) Court in Mumbai by July 27 in connection with a case of alleged loan fraud.
The Proclamation was issued by a special anti-money laundering court in Mumbai on June 14 under Section 82 of the Criminal Procedure Code (CrPC) at the request of the Enforcement Directorate (ED) which is probing his role in the Rs 9,000 crore IDBI-Kingfisher Airlines loan case.
While the agency has served the order on Mallya through official channels, it is understood that it will also publicise it in leading dailies as per procedures laid down in this regard.
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