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

Supreme Court Friday dismissed a plea by beleaguered businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his propertiesThe apex court dismissed the petition for nonprosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matterThe 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 nonprosecution a bench of Justices Abhay S Oka and Rajesh Bindal saidThe top court which had on December 7 2018 issued notice to the Enforcement Directorate ED on Mallyas plea had refused to stay the proceedings on the probe agencys plea before a special Prevention of Money Laundering Act PMLA court at Mumbai seeking the fugitive tag for him under the Fugitive Economic Offenders Act 2018On January 5 2019 the Mumbai special court had declared Mallya a fugitive under the ActUnder the provisions of the Act once a person is declared a fugitive economic offender the prosecuting agency has the powers to confiscate his propertyAlso Read Hathras gang rape and murder case Three accused released from Aligarh JailVijay Mallya who fled to the United Kingdom in March 2016 is wanted in India over default of Rs 9000 crore that was loaned to Kingfisher Airlines KFA by several banksMallya had moved the apex court in 2018 challenging the Bombay High Court order which dismissed his plea seeking a stay on the proceedings before a special PMLA court in Mumbai on the EDs plea to declare him a fugitive economic offender under the new lawThe application has been filed at the threshold and at a very premature stage when the lower court is still hearing the prosecuting agencys request to declare him Mallya a fugitive economic offender the high court had said making it clear that the special PMLA court would continue with the pending proceedings against Mallya on meritsIn a separate case on July 11 2022 the top court had sentenced Mallya to four months in jail for contempt of court and directed the Centre to secure the presence of the fugitive businessman who has been in the UK since 2016 to undergo the imprisonmentThe top court had said Mallya never showed any remorse nor tendered any apology for his conduct and adequate punishment must be imposed to maintain the majesty of the lawThe top court had also imposed a fine of Rs 2000 on Mallya who was held guilty of committing contempt of court by the top court on May 9 2017 for transferring USD 40 million one million 10 lakh to his children in violation of court ordersThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever