Court order on ED plea seeking 'fugitive' tag for Vijay Mallya on December 26
Updated : December 17, 2018 08:05 PM IST
The Enforcement Directorate (ED) had filed an application before the special Prevention of Money Laundering Act (PMLA) Court requesting it that Mallya, facing charges of financial irregularities, be declared a fugitive under the Fugitive Economic Offenders' Act, 2018.
Under the provisions of the Act, once a person is declared a "fugitive economic offender", the prosecuting agency has the powers to confiscate his properties.
Published : December 17, 2018 07:00 PM IST