Vijay Mallya First Tycoon To Be Named "Fugitive Economic Offender"
Saturday, January 5, 2019, 3:25 PM
Vijay Mallya became the first tycoon to be charged under a new anti-fraud law, with a court in Mumbai today naming him as an offender under the Fugitive Economic Offenders Act, 2018. The anti-corruption court was hearing an application by the Enforcement Directorate, seeking a direction to declare Mr Mallya a fugitive economic offender.
List of India's top fugitive economic offenders apart from Mallya
Saturday, August 4, 2018, 10:12 AM
While liquor baron Vijay Mallya topped India's fugitive economic offenders list owing banks Rs.7,500 crore, PNB scam accused Mehul Choksi (Rs.7,080 crore) and Nirav Modi (Rs.6,498 crore) took the second and third spots. The list also includes Sterling Biotech promoters Chetan Sandesara, Nitin Sandesara and Diptiben Sandesara, who allegedly defrauded banks of Rs.5,383 crore.