Mumbai: A Special Prevention of Money Laundering Act (PMLA) Court here on Saturday declared liquor baron Vijay Mallya the first ‘fugitive economic offender’ under the Fugitive Economic Offenders’ Act, 2018.
Special judge MS Azmi declared Mallya an offender under Section 12 of the Act after hearing arguments from the lawyer of Mallya and the ED counsel, reported The Indian Express.
The next hearing on confiscation of Mallya’s properties is on February 5.
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