PMLA court declares Mallya Fugitive

A special PMLA (Prevention of Money Laundering Act) court today declared  Vijay Mallya a fugitive economic offender. This declaration clears path for the ED and CBI to confiscate his properties for auction and recovery of the money he defaulted. Vijay Mallya owes INR₹ 9,000 crore to 17 Indian banks, he absconded from India in 2016. […]