NEW DELHI: Hearing on Enforcement Directorate’s application seeking mon-bailable warrant against Vijay Mallya which started in PMLA court in Mumbai came to end and the order has been reserved till April 18.
ED lawyer accused Mallya of not following his promises and seeking more time for appearing before court.
Mallya, who had refused to appear before the ED on three occasions when summoned between Mar 10 and April 2, had left the country on March 2 the day the consortium of 13 banks that had lent him money had closed in on him by moving the Debt Recovery Tribunal.
Failing to respond to the ED summonses, Mallya had repeatedly sought fresh dates but the agency declined any further relief.
The lawyer added that all summons were issued under Section 15 of PMLA Act and they were sent to seek accused’s presence for investigation.
“Vijay Mallya not following his promises, he is again and again asking for time, he used same tactics in SC”, he added.
The beleaguered industrialist whose Kingfisher Airlines has defaulted on loans of over Rs 9,400 crores and who has taken refuge in Britain, on Friday suffered a major blow when his diplomatic passport was suspended by the government which has threatened to revoke it.
To add to his misery, the ED, which is probing money laundering charges against the flamboyant 60-year-old liquor baron, on Friday moved a special PMLA court in Mumbai seeking a non-bailable warrant against him in connection with a Rs 900 crore IDBI loan fraud case.
The passport of Mallya, who is an MP and has been in Britain for over a month and has refused to appear before the ED, was suspended by the External Affairs Ministry on the recommendation of the agency.
“Mallya has been asked to respond within one week as to why his passport should not be impounded or revoked under section 10(3)(c) of the Passports Act, 1967. If he fails to respond within the stipulated time, it will be assumed that he has no response to offer and the MEA will go ahead with the revocation,” MEA Spokesperson Vikas Swarup said.
While the loans issue is being investigated by CBI on charges of criminal misappropriation, criminal conspiracy and under the Prevention of Corruption Act, the Serious Fraud Investigation Office is probing violations under the Companies Act and the ED under PMLA.