The Fugitive Economic Offenders Bill aimed at preventing culprits from evading the legal process and fleeing the country was today passed by the Lok Sabha, as the opposition questioned the goverment's sincerity in taking any action against them.
Emboldened by the UK Court judgement against Mallya, the ED has now turned the heat on three missing diamond merchants - Nirav Modi, Mehul Choksi and Jatin Mehta.
Indian banks are working very closely with the UK authorities to recover maximum out of assets owned by Vijay Mallya, Basu said.
The Bangalore police today informed a Delhi court that it has identified 159 properties belonging to liquor baron Vijay Mallya, but has not been able to attach any of them for the Enforcement Directorate's (ED) money laundering case relating to FERA violations.
A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya who is fighting extradition to India on fraud and money laundering charges worth nearly Rs 9,000 crore.
Liquor baron Vijay Mallya’s troubles with the Indian investigative agencies took a turn for the worst when a UK High Court judge issued an enforcement order.
After at least four aborted attempts since March 2016, the service tax authorities managed to get a buyer for the confiscated luxury jet of the runway businessman Mallya.
A special PMLA court here summoned Vijay Mallya to appear before it on August 27.
The BJP on Wednesday said Vijay Mallya has had no change of heart and he was not willing to clear his loans as the law was catching up with the fugitive liquor baron.
MJ Akbar said if fugitive liquor baron Vijay Mallya wanted to repay his bank dues, he had many years to do so.