A special PMLA court on Thursday declared liquor baron Vijay Mallya an 'absconder' and allowed the Enforcement Directorate to attach all his properties, including shares and debentures.
An application was moved by the Enforcement Directorate in the PMLA court which it allowed.
As far as foreign property of Mallya is concerned, the court has asked Enforcement Directorate to provide additional evidence of the properties.
The Enforcement Directorate had last week approached the special PMLA court here seeking to declare him an absconder and attach his properties as he did not comply with a proclamation order issued against him.
The special court for cases under the Prevention of Money Laundering Act (PMLA) here had declared Mallya - who left the country in March - a proclaimed offender in June.
After such an order is issued, the person has to appear before the court within a stipulated period, but Mallya did not do that, so the Enforcement Directorate moved the court again for getting him declared an absconder.
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
