Mumbai | Liquor Baron Vijay Mallya on Monday submitted his reply in the Mumbai special court for the petition filed against him by the Enforcement Directorate (ED) terming him a fugitive under the new Fugitive Economic Offenders Act.
Earlier during the hearing on September 3, the special court had given a 3 week period for Vijay Mallya to submit its reply on ED’s petition. The new introduced Fugitive Economic Offenders Act confiscate properties of economic offenders who have left the country to avoid facing criminal prosecution. The act also prescribes measures to deter fugitive economic offenders from evading prosecution by staying abroad.
Vijay Mallya is wanted in India for defaulting Rs 9,000 crore worth loans of various banks in India. Escaping the Indian Agencies Mallya has flown to UK in March 2016. In April 2018 Mallya was arrested by the Scotland Yard on an extradition warrant.