Special court issues non-bailable warrant against Vijay Mallya in money laundering case

New Delhi: In yet another trouble for businessman Vijay Mallya, a special Prevention of Money Laundering Act (PMLA) court issued a non-bailable warrant (NBW) against him on Monday in connection with a money laundering probe in the over Rs 9000 crore IDBI loan fraud case.

 

The special court rejected the Kingfisher Airlines’ plea, which challenged the Enforcement Directorate’s claim that the liquor baron used Rs 430 crore to acquire properties abroad. The Court had on Saturday reserved its order till today.

On at least three occasions, Mallya failed to honour ED summons for questioning in various cases pertaining to his loans of over Rs.9,000 crore and allegations of money laundering.

 

After he failed to appear in person on March 18, April 2 and April 9, he sought time till May to come to the ED, as he is abroad since March 2.

 

The ED move came soon after the central government suspended Mallya's diplomatic passport on April 15.

With agency inputs