Vijay Mallya in talks to return to India voluntarily
Vijay Mallya
Under this recently promulgated ordinance, the government can immediately confiscate all linked properties of Mallya in the country and abroad.
Liquor baron Vijay Mallya, who has been accused of Rs 9000 crore alleged bank fraud, has been negotiating with the government of India for a voluntary return to the country.
Mallya, who is contesting in a London court the Indian government's action for extradition, is said to have sent feelers to authorities that he would like to join the legal process in India and contest the recent action against him under the Fugitive Economic Offender Ordinance.
As per reports, his extradition trial is in the final stages of reaching its conclusion with the judgment expected in weeks.
If he is extradited, Mallya will end up in a prison in India as an undertrial.
Under this recently promulgated ordinance, the government can immediately confiscate all linked properties of Mallya in the country and abroad.
However, top sources in investigative agencies said the final contours of the move are still not clear as they refused to divulge more details.
)
Truck loaded with stones, metro stations closed: What's happening at Jantar Mantar now
)
‘Iran can survive sanctions, but can’t truly live’: Dy FM warns of economic cost of war
)
US-Iran war: Report suggests US lost 42 aircraft, including fighter jets, reaper drones
)
Lip reader reveals what Donald Trump told every Spain and Argentina player after FIFA World Cup final during medal ceremony
&im=FitAndFill=(700,400))
Why the S-400 uses solid rocket fuel instead of liquid fuel
)
Student union leaders call off hunger strike at Jantar Mantar after civil society appeal, but protest continues
)
'Now come to us': CJP resumes protest after Parliament march violence, calls meeting with Nadda 'waste of time'
)
Explained: Why Rodri won the FIFA World Cup Golden Ball over Lionel Messi
)
Japan is selling a refrigerator to cool the human body for Rs 9 lakh. It is already a hit in Tokyo
)
Indus treaty can no longer function in its current form, says India; plans 5,500 mw of new J&K hydro projects
&im=FitAndFill=(700,400))
2026 FIFA World Cup awards: Full list of Golden Boot, Golden Ball, Golden Glove and every major winner
)
Sonam Wangchuk's connection with George Soros and Ford Foundation explained!
)
Maha CM Wife Amruta Fadnavis' Yoga Day appearance sparks social media debate over attire | Watch
)
US-Iran conflicts: Houthis announce maritime blockade on Saudi Arabia, Iran attacks MQ-9 drone hangar | Gravitas
&im=FitAndFill=(700,400))
Why US fighter jets use seamless bubble canopies compared to Russian jets
&im=FitAndFill=(700,400))
Spain World Cup victory parade in Madrid: Champions celebrate second FIFA World Cup title with over million fans
)
'What is wrong...': Anna Hazare breaks silence on Sonam Wangchuk's protest, makes an appeal to Centre
)
FACT CHECK: Was Abhijit Dipke detained during CJP's Parliament march? Here's what police say
)
‘Netanyahu will not be arrested in any way, shape, or form in US’: Trump’s counter to Mamdani
&im=FitAndFill=(700,400))
Why the F-22’s cockpit glass is thicker than a standard fighter jet
)
Tulsi Gabbard's brother Batarti accused of luring children to hotel room in Hawaii
)
'George Soros playbook': Understanding the foreign funding network around Sonam Wangchuk
)
JD and Usha Vance welcome fourth child: Who serves as acting US vice president during Vance's paternity leave?
)
Jail over Khamenei post: J&K youth returns home after 3 months in Saudi custody
)
Salman Khan breaks silence on health concerns after viral Mumbai appearance
)
3.5-million-year-old mystery creature found in Japan is a 'giant' never seen before
)
UP BTech gold medalist dies by suicide after failing in nearly 50 govt job attempts, leaves note for father
)
Heavy sanctions loom over Argentine players after ugly brawl following final whistle in World Cup final
)
Xi Jinping's new AI bloc: China launches 'World AI Body' with Pakistan and Russia in, India out
&im=FitAndFill=(700,400))
FIFA World Cup 2026 team of the tournament: The best XI that ruled football’s biggest stage
)
'There is no need for...': PM Modi takes a veiled dig at Rahul Gandhi, sends big message amid Parliament March
On June 22, Mallya filed a 500-plus page application before the Karnataka High Court setting out assets of Rs 13,900 crores to repay his creditors and the same month he issued a media statement saying since 2016 he had been making offers to the banks to settle debts.
A special Prevention of Money Laundering Act court in Mumbai had last month issued summons to the beleaguered businessman to appear before it on August 27 on the Enforcement Directorate's plea seeking action against him under the Fugitive Economic Offenders Ordinance in the over Rs. 9,000 crore bank fraud case.
The central probe agency, as part of this action, has also sought immediate confiscation of assets worth around Rs. 12,500 crore of Mallya.
If he does not appear before the court or respond to its summons on the designated date, Mallya risks being declared a fugitive economic offender, besides properties linked to him being confiscated.
Last month, the UK High Court ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues.