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Court declares Vijay Mallya a fugitive economic offender

Court declares Vijay Mallya a fugitive economic offender

A special anti-money laundering court in Mumbai has announced Vijay Mallya to be a fugitive economic offender. After giving him the tag, the Indian government can now seize his assets under the new law which allows the govt to confiscate the wealth of individuals who escaped the motherland to escape prosecution. In December, a UK court approved his extradition to India to face trial over bank fraud.

read more at News 18

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