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.
If Mallya does not appear before the designated court within the given time, he will be declared as a ‘fugitive’ and ED will move to confiscate his assets worth Rs 12,500 crore, the court stated.
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.
ED official stating that I am attempting a plea bargain. Would respectfully suggest that the official read the ED charge sheet first. I would invite the ED to advance the same plea bargain theory in Court in front of whom I have placed my assets,” he tweeted.
Vijay Mallya, in a series of tweets, claimed that he had been falsely framed as the “poster boy of Bank default and a lightning rod of public anger”.
