Mumbai Court issues Non- Bailable Warrant against Vijay Mallya

Vijay-Mallya

Mumbai: In the development of the case against the liquor tycoon- Vijay Mallya, the Special Court at Mumbai today, decided to issue a Non- bailable warrant against Mallya who has refuted has recently refuted the allegations of his siphoning off of 430 crores for buying the foreign property out of the amount loaned to him by the IDBI bank.

He had actually taken a loan of amount Rs. 900 crores in favour of his Kingfisher Airlines, however, it was alleged freshly by the Enforcement Directorate that he has spent around Rs. 430 crores out of the said Rs. 900 crores for purchasing the property abroad.

However, it was seen that contesting the said allegations in the court, the Liquor baron’s firm, United Breweries Group has told the court in Mumbai that the said allegations which the Enforcement Directorate has levelled against the liquor baron was wrong, however, as per the firm, the said money was spent abroad for the legitimate business purposes. Also, the said firm also claimed that it can provide full details in the coming days.

It was seen that the special court has made an order of issuing the Non- Bailable Warrant against Mallya, while dealing with the cases which were brought under the provisions of the Prevention of Money Laundering Act against liquor baron.

 It was seen in the last month that the said liquor baron has fled to London while there being cases against him. And the Enforcement Directorate has issued three summons against him asking him to appear for the investigation in Mumbai, however, he managed to escape such summons too.

While in the development of the case, it was also seen that the Enforcement Directorate has also sought the suspension of his passport, and in response, his diplomatic passport was also suspended.

Thus, now he has no other options as can be safely said here, to return back to the country, as for his deportation to India the first step was seen in the form of suspension of his passport, and now second is in the form of issuance of non- bailable warrant.

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