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Supreme Court Adjourns Fugitive Liquor Baron Vijay Mallya's  Plea

Supreme Court Adjourns Fugitive Liquor Baron Vijay Mallyas  Plea

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  30 July 2019 11:17 AM GMT

New Delhi: The Supreme Court on Monday adjourned to August 2 a plea filed by fugitive liquor baron Vijay Mallya seeking a stay on the confiscation of his properties by the Enforcement Directorate (ED). Mallya escaped from India after defaulting on bank loans worth Rs 9,000 crore in India and is currently facing extradition proceedings in the United Kingdom. Mallya has challenged the ED’s jurisdiction to confiscate all his properties under the Fugitive Economic Offender (FEO) Act 2018, without identifying whether these properties were acquired from the ill-gotten money. He argued that many of these properties were acquired in 1919 and have no connection with the bank loans in contention. (IANS)

Also Read: Fully Committed To Get Vijay Mallya Extradited From UK: India

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