Mallya Enjoys 62nd Birthday as UK Court Orders Freezing Assets
Sidharth Mallya shared a picture on Instagram of his “Pa” from the birthday party that was organised in London.
Businessman Vijay Mallya had a gala time on his 62nd birthday. In the meantime, the Indian agencies were sweating themselves out to present him before the court on the day after his birthday.
The businessman celebrated his birthday on Monday, 18 December. His son, Sidharth Mallya shared a picture on Instagram of him sharing the typical cake moment with his “Pa” from the birthday party that was organised in London.
The father-son duo have been in London for quite some time now since Mallya was accused of defaulting on loans worth Rs 9,000 crores. Despite repeated attempts, Indian agencies haven’t been able to extradite Vijay Mallya.
The embattled liquor tycoon, who is undergoing an extradition trial in a UK court over the Rs 9,000-crore fraud and money laundering charges, will be dealing with a parallel litigation around an estimated $1.5 billion worldwide freeze order on his assets well into 2018.
With Mallya’s assets frozen, he would have to make do with £5,000 a week, but he has requested the court to raise the allowance to £20,000 a week based, reported The Times of India.
The Kingfisher owner is to face trial for allegedly evading summons in a FERA violation case.
The court has now posted the matter for 22 December when the ED may press for declaring Mallya a proclaimed offender (PO) since the court had already given him the last opportunity to appear in the case on Tuesday.
The court had on 8 November initiated the process to declare Mallya a PO after ED's Special Public Prosecutor NK Matta informed it that the open-ended non-bailable warrant (NBW) issued on 12 April against the businessman has been returned as un-executed and the agency has no other option but to initiate the process under sections 82 and 83 of CrPC.
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