Mallya extradition case: CBI, ED officials enroute to UK

Image
ANI New Delhi [India]
Last Updated : Jul 30 2018 | 6:35 PM IST

A joint team of Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) officials embarked for the United Kingdom on Monday owing to the ongoing legal case against fugitive businessman Vijay Mallya.

Earlier this month, a London court had issued an order to seize Mallya's assets in the UK.

The 62-year-old is currently facing a trial in a UK court in connection with his extradition to India. He is facing charges for financial irregularities to the tune of Rs 9,000 crore, as well as several money laundering cases.

On the other hand, Bangalore police through the ED on July 5 submitted a report before Delhi's Patiala House Court stating that they have identified 159 properties of the liquor baron and United Breweries.

The Bangalore police had also sought more time to identify additional properties.

On June 30, Mallya was summoned by a designated court under Fugitive Economic Offenders Act to appear before it on August 27. The notice was issued to Mallya and others in connection with ED's June 22 application for declaring him as a fugitive economic offender and to confiscate his properties.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 30 2018 | 6:25 PM IST

Next Story