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Vijay Mallya declared as Proclaimed Offender by Money Laundering Court

Vijay Mallya declared as Proclaimed Offender by Money Laundering Court
15 June 2016 Current Affairs: Businessman Vijay Mallya was on 14 June 2016 declared as a Proclaimed Offender by a special court for the Prevention of Money Laundering Act (PMLA) in Mumbai in a loan diversion case.

The court issued proclamation under Section 82 of Criminal Procedure Code (CrPC) against Vijay Mallya.

The move came after the Enforcement Directorate (ED), an investigation agency under the Union Finance Ministry, on 10 June 2016 filed a petition over a case where Mallya is suspected to have diverted a 430 crore rupees loan given by IDBI Bank Ltd to his Kingfisher Airlines Ltd.

The ED requested the court to issue an order under Section 82 of the Criminal Procedure Code (CrPC) and term Mallya a proclaimed offender, citing multiple arrest warrants pending against Mallya including a non-bailable warrant (NBW) under the Prevention of Money Laundering Act (PMLA), 2002.

Mallya left the country on 2 March 2016 for London on a diplomatic passport. The ED now plans to send the court order to the UK authorities to start on the process of deportation. The directorate has identified around 4000 crore rupees worth of assets owned by Mallya.

Proclaimed Offender : A person is termed as a proclaimed offender in a criminal investigation if the court believes that the accused has absconded or is concealing himself, so that the warrant cannot be executed.According to the Section 83 of CrPC, the proclaimed offender is required to appear before the PMLA court and the investigation agency within 30 days.


March 2017 Current affairs
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



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