Vijay Mallya money laundering case: Bangalore police identified 159 properties of liquor baron but could not attach them


New Delhi: The Bangalore police on Thursday knowledgeable a Delhi courtroom that it has recognized 159 properties belonging to liquor baron Vijay Mallya, however has not been in a position to connect any of them for the Enforcement Directorate’s (ED) cash laundering case regarding FERA violations.

The Bangalore police, by the ED, instructed Chief Metropolitan Justice of the Peace Deepak Sherawat that it was unable to connect Mallya’s properties as a few of them had already been hooked up by the ED of Mumbai Zone and remaining property had been a part of the liquidation proceedings.

Mallya has been declared a proclaimed offender by the courtroom on four January for evading its summons within the case.

ED’s particular public prosecutor N Ok Matta instructed the courtroom that the company wanted extra time to establish different properties of Mallya which could be hooked up.

The courtroom allowed company’s plea and directed the Bangalore police to file a contemporary report by 11 October.

File picture of Vijay Mallya. PTI

“Bangalore police had approached the authorized advisor of United Breweries for execution of the attachment order, handed by the courtroom in Might, they usually acknowledged that ED Mumbai has hooked up a few of these properties and the opposite properties are already below the official liquidator appointed by the Karnataka Excessive Court docket,” Matta mentioned.

The courtroom had on eight Might directed the attachment of Mallya’s properties within the case by the Bangalore Police Commissioner and sought a report on it. It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to seem regardless of repeated summonses.

It had on 12 April final yr issued an open-ended non-bailable warrant towards the liquor baron. Not like a non-bailable warrant, an ‘open-ended NBW’ doesn’t carry a time restrict for execution.

The anti-money laundering company had issued summons to the businessman in reference to the alleged fee of $200,000 to a British agency for displaying Kingfisher emblem throughout the Components One World Championships in London and a few European nations in 1996, 1997 and 1998.

It had claimed that the cash was allegedly paid with out prior approval of the RBI in violation of International Change Regulation Act (FERA) norms.

In accordance with the ED, Mallya was summoned on 4 events for questioning in reference to the contract signed in December 1995 with London-based agency Benetton Components Ltd for the promotion of the Kingfisher model overseas.

When Mallya failed to seem earlier than the ED in response to the summons, a criticism was filed on eight March, 2000 earlier than a courtroom right here and later prices had been framed towards him below the FERA Act.

Mallya, who had fled to the UK in March 2016, can also be needed in India for Kingfisher Airways’ default on loans value almost Rs 9,000 crore and another issues.



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