ED opposes vijay Mallya's plea to close criminal proceedings
MUMBAI, Sept. 11 -- The Enforcement Directorate (ED) has opposed businessman Vijay Mallya's plea before the Bombay high court seeking closure of criminal proceedings against him, saying recovery of bank dues does not end money laundering proceedings.
Mallya has argued that the proceedings arising from commercial disputes have become infructuous after lender banks recovered around Rs.15,000 crore against dues of Rs.6,200 crore plus interest.
In an affidavit filed before the HC, ED deputy director Amitabh Mishra said proceedings under the Prevention of Money Laundering Act (PMLA) are separate from recovery of civil dues.
"The present proceedings arise from allegations of scheduled offences and the offence of money laundering under PMLA, which...
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