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Vijay Mallya to Be Charged Under the New Anti-Fraud Law

Vijay Mallya to Be Charged Under the New Anti-Fraud Law

Vijay Mallya will be charged under the new anti-fraud law before a court in Mumbai. He has now been named as an offender under the Fugitive Economic Offenders Act, 2018. The enforcement directorate had filed an application before the anti-corruption court seeking from the court to give directions for declaring Mr. Vijay Mallya as a Fugitive Economic Offender.

The court in the UK gave its decision a few weeks back on Mr. Mallya’s extradition. The court ordered that he could be extradited to India to face fraud investigations. The court was satisfied with the assurances given by the Indian Government.

Mr. Mallya was on bail on an extradition warrant executed by Scotland Yard in 2016 after fraud and money laundering charges were levied against him.     

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