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Vijay Mallya Declared Absconder

Liquor baron Vijay Mallya has been declared an absconder by the Prevention of Money Laundering Act court yesterday. After multiple warrants and being declared a proclaimed offender, the Enforcement Directorate had moved the special court seeking for liquor baron to be declared an absconder so that they can start attaching his properties.

After he has now been officially declared as an absconder, now all the properties belonging to him including all the shares and debentures he holds in companies are permitted to be attached. After the court order copy is procured, ED can start attaching his properties even outside the country.

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