Wednesday, June 20, 2018

Enforcement Directorate issues non-bailable warrant against Vijay Mallya

The Special Enforcement Directorate (ED) court on Wednesday issued a non-bailable warrant against Vijay Mallya after the court took cognizance of the charge sheet filed by the agency.

The charge sheet was filed against Mallya and two of his companies Kingfisher Airlines and United Breweries.

The 62-year-old liquor baron is facing a trial in a court in the United Kingdom to decide if he can be extradited to India to face charges for financial irregularities involving a total amount of Rs 9,000 crore.

Earlier the agency had filed a charge sheet under the Prevention of Money Laundering Act, 2002 against Mallya, Kingfisher Airlines Limited, and seven others for the criminal offence of money laundering before Special Court on June 14, 2017. Charge sheet cited four instances wherein the loan amount to Kingfishers Airlines by a consortium were diverted.
20/06/18 DNA
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