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Court declares Vijay Mallya an offender in bank loan fraud case

<p>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.</p>

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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.

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