AMN /
A special court today issued a non-bailable warrant against Vijay Mallya in a money laundering case involving alleged defrauding of IDBI Bank of 950 crore rupees. The Prevention of Money Laundering Act (PMLA) court in Mumbai also rejected the application moved by now-defunct Kingfisher Airlines challenging the claim by Enforcement Directorate (ED) that 430 crore rupees was siphoned off from the 950 crore and used to acquire properties abroad.
The arrest warrant comes within days of suspension of Mallya’s diplomatic passport. The ED had sought the warrant against Mallya in connection with the loan fraud case. Vijay Mallya, who is in UK, has skipped three summons issued by the ED. He had also sought time till May to depose before the officials.