The document has been filed before a special court under the provisions of the Prevention of Money Laundering Act, naming the defunct Kingfisher Airlines, UBHL and Vijay Mallya under the new law.
The Fugitive Economic Offenders Ordinance, 2018 aims to deter economic offenders from evading the law by remaining outside the jurisdiction of Indian courts.
Vijay Mallya is the first person to be booked under the new law to deal with those who commit financial crimes and leave the country. The special PMLA court will now begin the process to declare Vijay Mallya a “fugitive”
This is the second prosecution complaint against Mallya in the bank fraud case.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
