The New Indian Express ·
Vijay Mallya continues to evade law, asset recovery does not end money laundering case: ED to Bombay HC
Vijay Mallya continues to evade the legal process in India and the recovery of bank dues does not bring an end to the money laundering proceedings against him, the Enforcement Directorate has told the Bombay High Court.
The ED, in an affidavit filed on September 8, opposed Mallya’s 2020 petition seeking closure of criminal cases against him. Mallya had argued that his dispute with the banks had been settled after the lenders recovered their dues.
The agency said assets worth Rs 14,131.6 crore had been restored to the SBI-led consortium, but this did not extinguish the money laundering charges against Mallya.
