Enforcement Directorate seeks fugitive offender tag for Vijay Mallya in first case under new legislation

The ED has furnished evidences in its two charge sheets, filed under the Prevention of Money Laundering Act (PMLA) in the past, to make a case for seeking a fugitive offender tag for Mallya from the court.

Liquor baron Vijay Mallya |Photo Credit: PTI

New Delhi: India on Friday made its first official move to clampdown against big bank loan defaulters under a new law as the Enforcement Directorate (ED) moved a court against liquor baron Vijay Mallya seeking to declare him a 'fugitive offender' and to confiscate his assets worth Rs 12,500 crore.

Officials said the agency filed an application before a Mumbai court underthe recently promulgated Fugitive Economic Offenders Ordinance that empowers it to confiscate all assets of an absconding loan defaulter.