The well known Industrialist expert Vijay Mallya who is currently in the United Kingdom has been charged with offences under the Prevention of Money Laundering Act (PMLA). The court has declared him a “proclaimed offender” on Tuesday.
Mr Mallya has so far ignored three summons by the Enforcement Directorate (ED) and a non-bailable warrant (NBW) issued by the PMLA court in the last three months.
Mallya has to be present in court in the next 30 days for all his properties around the world even those not included in the crime will be attached by the ED.
An advocate stated, “This does not make him come back. It would only ‘compel’ him to come back because the repercussions would be that all the properties of Mr Mallya everywhere can be attached and that would make it impossible for him to survive without the properties.”
An ED source said, “It is an opportunity for him to come and co-operate. But with the U.K., even other countries have not been able to extradite people. We do have an extradition treaty with them but you cannot force him to come back. We can send a request to the U.K.”