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New Anti-Financial Fraud Law books Vijay Mallya first - NDTv

Tue, Jun 19, 2018, 10:17 AM
The ED has filed a prosecution complaint against liquor lord Vijay Mallya under Fugitive Economic Offenders Act. Sources say that, as per the new law, all the properties of Vijay Mallya could be auctioned and ED could also attach all his properties in India and abroad. Sources said, Vijay Mallya is the first person to be booked under the new act. Several offenders like Nirav Modi, Lalit Modi & Vijay Mallya are living abroad evading the process of law and the govt applies this law to give more power to the enforcement agencies to reach the offenders.
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