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October 21, 2021

Business tycoon Vijay Mallya declared fugitive economic offender by court; now govt can seize his assets

Liquor tycoon Vijay Mallya, whose extradition from the UK to India to face charges of financial irregularities had been allowed by a British court, was Saturday declared a fugitive economic offender.

The verdict of a special court for prevention of money laundering act cases means Mallya’s properties can now be confiscated by the government.

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