A court in Delhi here on proclaimed the “King of Good times” Vijay Mallya as an absconder on account of violating the Foreign Exchange Regulation Act (FERA).
Chief Metropolitan Magistrate Deepak Shehrawat passed the judgement keeping in view the submissions made and the fact that the accused Vijay Mallya failed to show up to court even after a lapse of 30 days. Neither was there any representation made on his behalf.
The Enforcement Directorate (ED) had approached the court. The court had then asked Mallya to appear before the court by December 18. The ED had summoned the businessman numerous times with charges of alleged payment of $200,000 to a British firm. This was done to display the Kingfisher logo during the F1 World Championship in London and other European countries in 1996, 1997 and 1998. It was said that the money was paid without prior approval from the Reserve Bank of India, in violation of FERA norms.
Mallya is wanted in India for a numerous cases, such as for defaulting on loans worth Rs 9,000 crores from 17 banks. He has been in the United Kingdom since March 2016, and had earlier stated he would not return to the country.
The Indian Ministry of External Affairs submitted an extradition request to UK after the fugitive businessman made his self-imposed exile clear. The request was made on the basis of an extradition treaty signed between the countries in 1992.
On November 8 2017, the court initiated the process to declare Mallya as a proclaimed offender after it was informed that the open-ended non-bailable warrant (NBW) issued earlier against him was returned after failed execution and the agency had no other resort but to initiate the process under Sections 82 and 83 of the Criminal Procedure Code (CrPC).