Vijay Mallya planning to return to India voluntarily

PMLA has issued summons to Mallya and if he fails to appear before the court prior to the labelled date, he will be declared as an ‘economic offender’ and his properties might get confiscated.

Vijay Mallya planning to return to India voluntarily

Absconding businessman Vijay Mallya, the prime accused of the ₹9,000 crore bank fraud case, has reportedly had contacted the officials and has told them that he is willing to come back to India to face the law. Mallya, who had contested the Indian government’s action for extradition in a London court, now intends to come back to India to contest the recent action against him under the Fugitive Offender Ordinance.

The ordinance allows the government to immediately confiscate all the properties of the liquor baron abroad as well as in the country. But the investigative agencies refused to share details about the final contours of the step. Earlier, the Prevention of Money Laundering Act (PMLA) court had issued summons to Mallya, asking him to appear before August 27.

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The summons was issued in response to the plea filed by Enforcement Directorate which sought strict action against the ‘King of Good Times’ under the Fugitive Economic Offenders Ordinance for his alleged involvement in the ₹9,000 crore bank fraud case.

Earlier, a United Kingdom court had issued Enforcement Order against Mallya in his Assets Case and ruled the judgement in favour of Indian banks.

The liquor baron had claimed that he had written letters to Prime Minister in April 2016, explaining his side of the story. However, both ED and CBI have filed different criminal cases against Mallya. By the end of this month, a hearing regarding the extradition case is expected to happen where a team of investigators from India will be present.

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