The Enforcement Directorate (ED) will on Tuesday begin attaching the properties of liquor baron Vijay Mallya, under Section 83 of the Criminal Procedure Code.
Section 83 of the Criminal Procedure Code mandates attachment of the property of an absconder.
Earlier a Delhi court had declared Mallya as proclaimed offender for evading summons.
As per the case registered by the ED, Mallya had allegedly paid USD 200,000 to a British firm and some European countries for displaying Kingfisher logo in Formula One World Championships in London in 1996, 1997 and 1998.
The court had earlier in 2016 lifted the exemption granted to Mallya from mandatory personal appearance in the case of evading summons in Foreign Exchange Regulation Act (FERA)'s violation case.
The investigative agency also claimed that the money was paid without prior approval from the Reserve Bank of India (RBI) in violation of the FERA norms.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
