Mallya was declared as Fugitive Economic Offender under the FEO Act by special judge, Prevention of Money Laundering Act (PMLA) cases, M S Azmi on January 5. The order running into 55 pages was signed on Saturday where the court rejected Mallya’s defence that he wanted to repay his loan.
from Hindustan Times - india http://bit.ly/2AUUhFb
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/ 'No intention to return': Court on declaring Mallya fugitive economic offender
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