Vijay Mallya seeks more time to reply to ED’s notice

Vijay Mallya

Mumbai, Sep 3 :  Vijay Mallya’s lawyer on Monday sought more time to file his reply on Enforcement Directorate’s notice as Mumbai courtwas hearing the fugitive economic offender declaration case against  Liquor baron as some other parties have sought to implead themselves in the matter pertaining to the alleged default of over Rs 9,000 crore bank loans.

ED lawyer argued that as per law, no more time can be given to Vijay Mallya to respond on the application and even the Court is powerless to give time beyond one week as mandated by Fugitive Offenders law.

Mallya’s lawyer contended that he had not recieved some of the notices despite him having shared his Mauritius address with the ED, reported ANI

Officials said at least five parties, including a family member of Mallya, has sought court documents with regard to the ED seeking to get declared the businessman a fugitive economic offender under the new law.

The same court, on June 30, had issued notice to Mallya to appear before it on August 27 after the Enforcement Directorate (ED) charged the liquor baron under the new law as it enlarged its money laundering probe against him and others in a RS 9,000 alleged bank fraud case.

The central probe agency has also sought immediate confiscation of assets worth about Rs 12,500 crore of Mallya as part of this latest action.

The court had earlier issued non-bailable warrants against the businessman in two cases filed by the ED.

Mallya, his now defunct venture Kingfisher Airlines Limited and others availed loans from various banks and the outstanding amount, including interest, against him is Rs 9,990.07 crore at present, the officials had said while filing the plea under the new law.

The businessman is currently contesting his extradition case in London filed by the Indian government on behalf of the CBI and ED.

The ED has furnished evidences in its two charge sheets, filed under the Prevention of Money Laundering Act (PMLA) in the past, to make a case for seeking a fugitive offender tag for Mallya from the court.


Related Posts