Vijay Mallya the first-ever person in India to be declared as a fugitive economic offender

Highlights: 

  • Vijay Mallya became the first-ever person in India to be declared as a fugitive economic offender.
  • It was declared by a special court in Mumbai on 5 January 2019.
  • The absconding accused liquor baron Vijay Mallya as a fugitive economic offender under the new Fugitive Economic Offenders Act. 
  • He is the first person to be declared so and the government can now confiscate his properties.
  • On 22 June 2018, the Enforcement Directorate (ED) had filed an application at the PMLA (Prevention of Money Laundering Act) court to declare Mallya a fugitive economic offender and sought orders to confiscate all his properties estimated to be around Rs. 12,500 crore.