Non-Bailable Warrant Issued Against Vijay Mallya By A Mumbai Court

A special Prevention of Money Laundering Act (PMLA) court from Mumbai issued a non-bailable warrant against Vijay Mallya in connection with the plea by the Enforcement Directorate (ED) on Monday.

This comes across after Enforcement Directorate’s charges against Mallya that he had siphoned off Rs 430 crore of the Rs 950 crore loan from IDBI and used this money to acquire property abroad.

Kingfisher Airlines filed a plea challenging  the Enforcement Directorate’s charges against Mallya for siphoning off money from IDBI loan. This plea was later rejected by the court.