Vijay Mallya declared proclaimed offender by Delhi court

ANI  |  New Delhi [India] 

A on Thursday declared baron as 'proclaimed offender' for evading summons of the (ED) in a (FERA) violation case.

passed the order after repeatedly failed to appear before the

The ED had earlier issued summons to the in connection with the alleged payment of $ 2,00,000 to a British firm for displaying the logo in World Championships in and some European countries in 1996, 1997 and 1998.

It had also claimed that the money was allegedly paid without prior approval from the Reserve of (RBI) in violation of norms.

Earlier on December 18, 2017 the ED informed the Patiala House that it had made an all-out effort to bring back but the latter was unavailable.

The had then deferred the matter to December 22.

In April last, a had issued an open ended (no time limit) non-bailable warrant against This was the sixth non-bailable arrest warrant issued against the liqour baron.

The extradition trial of Mallya, who is wanted in for financial irregularities involving a total amount of Rs 9,000 crore as well as money laundering, began at the London's Westminster on December 4, wherein (CPS) outlined the Indian government's case against him.

The through CPS has been contending in the that baron had misled banks back home with regard to his company's net worth while seeking loan totalling around Rs 2,000 crore.

has been out on bail since executed an extradition warrant in April last year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 04 2018. 17:35 IST