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Supreme Court refuses to stay ED proceedings against Vijay Mallya

The Supreme Court on Friday refused to stay the proceedings of the Enforcement Directorate (ED) against Vijay Mallya before the money laundering tribunal in Mumbai. The matter was brought before a Bench headed by Chief Justice Ranjan Gogoi, who issued a notice to the ED on the issue.

Lawyer Fali S. Nariman appearing for Mallya opposed the Bombay High Court order, saying that it wasn’t maintainable. The ED had filed an application in July before a special Prevention of Money Laundering Act (PMLA) court seeking the “fugitive economic offender” tag for Mallya under the Fugitive Economic Offenders’ Act, 2018.

It had also sought immediate confiscation of around Rs 12,500 crore worth of assets. Mallya had sought a stay on hearing of ED’s plea, but it was rejected by the special court on 30 October. Mallya then challenged this in the Bombay High Court, which refused to interfere in the proceedings.

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