A special Prevention of Money Laundering Act court today issued a non-bailable warrant against Vijay Mallya after it rejected the Kingfisher Airlines' plea challenging the Enforcement Directorate's claim that Rs 430 crore of a bank loan was siphoned off to acquire properties abroad.
The defunct airline had moved an application in the special PMLA court in Mumbai terming as "false and incorrect" the ED's charges against Mallya that he had siphoned off the IDBI loan to acquire property abroad. "This fact may have a bearing in the mind of the court so we wanted to correct it and place it before the court. ED's charges are false and incorrect," Kingfisher's lawyer told the court.
The ED had told the court last week that of the Rs 950 crore IDBI loan, Rs 430 crore was diverted by Mallya and spent on purchase of property abroad. The 60-year-old industrialist, who is believed to be in the UK, has skipped three summons issued by the agency and has sought time till May to depose before the officials.
The liquor baron, who is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks, left India on March 2. Last week, the government suspended Mallya's passport in what was the first step towards his possible deportation.
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