A special PMLA court in Mumbai today declared businessman Vijay Mallya a proclaimed offender in connection with its money laundering probe against him in an alleged bank loan fraud case.
The agency had moved the court to issue such an order as he has multiple arrest warrants pending against him, including a non-bailable warrant, NBW under the Prevention of Money Laundering Act, PMLA.
A person can be termed a proclaimed offender in a criminal case probe if the court believes that the accused has absconded or is concealing himself so that such warrant cannot be executed.