The Enforcement Directorate has asked Interpol to issue a red corner notice against former liquor baron Vijay Mallya. The red corner notice is to seek the location and arrest of a person wanted by judicial jurisdiction or an international tribunal with a view to their extradition. The ED's move comes after reports said they are planning to attach domestic properties and shares belonging to Vijay Mallya, worth around Rs 9,000 crore. On Wednesay, the United Kingdom said they would not deport Mallya, whose Indian passport was revoked on April 26. The Ministry of External Affairs is now planning to extradite him.
ED officials on Wednesday began identifying and valuing his domestic assets. Reports also said that Goa revenue officials have allowed banks to take over Mallya’s property in Candolim, which is estimated to be worth Rs 90 crore. The agency plans to attach the assets under the criminal provisions of the Prevention of Money Laundering Act.
The ED is investigating an IDBI bank loan case where Mallya illegally moved Rs 430 crore of the bank's Rs 950-crore loan abroad to acquire property. The former liquor baron has skipped three summons from the agency so far, and has two non-bailable warrants out for his arrest in separate cases.
Mallya owes Rs 9,000 crore to 17 banks in India and left the country on March 2 after stepping down as head of United Spirits. He has said he has no plans to return and is on a "forced exile".