Ministry of External Affairs revokes Vijay Mallya’s passport

| Sunday, April 24, 2016 - 12:26
First Published |
MEA revokes Vijay Mallya’s passport

New Delhi: In a fresh update to the Vijay Mallya case, the Ministry of External Affairs (MEA), on Sunday, revoked the liquor baron’s passport.

“Having considered the replies furnished by Shri Vijay Mallya to the show cause notice, facts brought by Enforcement Directorate, and Non Bailable Warrant under the PMLA Act, 2002 issued by Special Judge, Mumbai, the MEA revoked the passport of Sri Vijay Mallya under Section 10 (3) (c) and 10 (3)(h) of the Passports Act, 1967,” Vikas Swarup, Ministry of External Affairs spokesperson, said.

Known as ‘king of good times’ once upon a time, the government had been cracking its whip upon Mallya for absconding while in massive debt of the banks. Mallya also ignored three summons issued by the Enforcement Directorate (ED), following which, the government revoked his passport.

Mallya was alleged to have diverted Rs 430 crore of an IDBI loan only to acquire properties abroad.

In response to a plea by the ED on April 15 in Mumbai, a special court, on April 18, had issued a non-bailable arrest warrant against the on-the-run businessman, under the Prevention of Money Laundering Act.

Mallya owes over Rs 9000 crores to the banks. The beleaguered businessman had offered Rs 4,000-crore loan repayment proposal which was rejected.

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