A special PMLA court in Mumbai today summoned Vijay Mallya to appear before it on the 27th August on the Enforcement Directorate’s plea seeking action against him under the fugitive economic offenders ordinance in the over nine thousand crore bank fraud case.
Special judge M S Azmi, dealing with the Prevention of Money Laundering Act (PMLA) cases, issued the notice to Mallya after taking cognisance of the second ED charge sheet filed against him recently and a subsequent application by it on the 22nd of this month seeking a fugitive economic offenders tag.
This is the first time that action has been initiated under the ordinance recently promulgated by the Modi government to deal with fugitive bank loan defaulters.
The agency has also sought immediate confiscation of assets worth around 12,500 crore rupees of Mallya and other fugitive economic offenders.
If Mallya does not appear before the court, he risks being declared a fugitive economic offender, besides properties linked to him being confiscated.