ED rejects application to stay proceedings to declare Vijay Mallya as ‘fugitive economic offender’
India | October 30, 2018 16:02 ISTMallya’s counsel Amit Desai had submitted an application in the case to ED.
Mallya’s counsel Amit Desai had submitted an application in the case to ED.
Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED’s special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier order.
Uralkali launched legal proceedings against administrators FRP Advisory in the High Court in London on Friday to claim "tens of millions of dollars" in damages over the alleged "prejudicial and unequal treatment" in the bidding process.
Mallya, who is currently in the United Kingdom, has been charged by the ED of defaulting on bank loans to the tune of Rs 9,000 crore.
The 5-seater Airbus Eurocopter B155 choppers are 10-year-old.
Realising the need for correction in the notice, the agency wrote to immigration authorities to change it from seeking Mallya's detention to informing the CBI whenever he was travelling abroad.
The Central Bureau of Investigation (CBI) said it had received a complaint against beleaguered diamantaire Modi and his uncle Choksi from the bank almost a month after they had fled the country.
The clarification from India’s biggest lender came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation.
Rahul Gandhi said the CBI changed the status of the lookout notice against Mallya and claimed that the PM was aware of it.
It is also a fact that Mallya's companies did not get a single rupee as bank loan after Prime Minister Narendra Modi took over in 2014.
Vijay Mallya never wanted to return banks money, says Ex-Attorney General Mukul Rohatgi
The LoC depends on the issuing authority and, unless it asks the BoI to detain a person or to stop him from boarding a plane, no action is taken.
Vijay Mallya (62), on Wednesday, appeared before the Westminster Magistrates’ Court in a case regarding his extradition to India to face the trial on fraud and money laundering charges.
Addressing a press conference at the party headquarters in New Delhi, Rahul Gandhi questioned why Arun Jaitley didn't mention about his meeting Mallya earlier.
Responding to Congress president Rahul Gandhi's demand for a probe over Mallya's claims, BJP spokesperson Sambit Patra said those people who are out on bail should not be questioning people who are innocent.
Congress demands probe after Vijay Mallya's claim of meeting Jaitley, BJP hits back
Claims made by Vijay Mallya were however refuted by the finance minister, who referred to it as “factually false.”
Mallya has now been bailed to appear before the court on December 10, marking the conclusion of the year-long extradition trial which opened on December 4 last year.
“Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise,” Finance Minister Jaitley said in a Facebook post.
Mallya, who is facing money laundering charges in multi-crore fraud case in India, made these remarks after arriving at the Westminster Magistrates’ Court for a hearing in his extradition case.
Live Scorecard
Top News
Latest News
