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Economy

HC rejects Vijay Mallya's plea for stay on ED's request to declare him fugitive

Updated : November 23, 2018 06:51 AM IST

The ED had filed an application before a special Prevention of Money Laundering Act (PMLA) court seeking the 'fugitive' tag for Mallya under the Fugitive Economic Offenders' Act, 2018.
Under the provisions of the Act, once a person is declared a fugitive economic offender, then the prosecuting agency has the powers to confiscate the accused persons' properties.
HC rejects Vijay Mallya's plea for stay on ED's request to declare him fugitive
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