A special court in Mumbai on Saturday declared absconding liquor baron Vijay Mallya as a fugitive economic offender, nearly three years after he left India for the UK. Mallya is the first Indian businessman to be declared a fugitive under the provisions of the Fugitive Economic Offenders Act, 2018.
The anti-corruption court in Mumbai passed the order against Mallya after hearing a plea from the Enforcement Directorate.
On December 10 last year, a court in London had ruled that Mallya could be extradited to India. However, Mallya was expected to appeal the ruling.
Mallya is wanted in connection with defaulting on loans amounting to Rs 9,000 crore for his failed airline, Kingfisher.
