Mallya's plea dismissed by Supreme Court, fugitive offender declaration looms

SC dismisses Vijay Mallya's plea against bid to declare him fugitive economic offender

Mallya, who fled to the United Kingdom in March 2016, is wanted in India over default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks.

SC Dismisses Vijay Mallya’s Plea Against Bid to Declare Him Fugitive Economic Offender

The apex court dismissed the petition for non-prosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matter.

Supreme Court Dismisses Vijay Mallya’s Plea Against Bid To Declare Him Fugitive Economic Offender and Confiscate His Properties

The apex court dismissed the petition for non-prosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matter. Supreme Court Dismisses Vijay Mallya’s Plea Against Bid To Declare Him Fugitive Economic Offender and Confiscate His Properties.

Mallya's plea dismissed by Supreme Court, fugitive offender declaration looms

Under the provisions of the Act, once a person is declared a fugitive economic offender, the prosecuting agency has the powers to confiscate his property.

SC dismisses Vijay Mallya's plea against bid to declare him fugitive economic offender

"The counsel for petitioner states that the petitioner is not giving any instructions to the advocate for the petitioner. In view of this statement, the petition is dismissed for non-prosecution," a bench of Justices Abhay S Oka and Rajesh Bindal said.

SC junks Vijay Mallya's plea challenging proceedings to declare him a fugitive

The prosecuting agency has the power to confiscate his property, once a person is declared a fugitive economic offender under the provisions of the Act. Mallya was declared a fugitive under the Act in January 2019, by a Mumbai special court. Get more India News and Business News on Zee Business.