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Delhi court asks Mallya to appear on Sept 9

It allows ED plea seeking recall of a court order granting exemption from appearance to Mallya

Policy Pulse
Publish Date: Jul 9 2016 4:23PM | Updated Date: Jul 9 2016 4:23PM

Delhi court asks Mallya to appear on Sept 9

 A Delhi court has asked businessman Vijay Mallya to personally appear before it on September 9, after allowing the Enforcement Directorate (ED) petition to withdraw the exemption given to him from personal appearance in a case of alleged violation of foreign exchange rules.

 
Chief Metropolitan Magistrate Sumit Dass allowed the ED plea seeking recall of a court order granting  exemption from appearance to Mallya, who is in the UK and facing money laundering charges in India.
 
Court was hearing the final arguments in the 2000 case related to violation by Mallya of provisions of the erstwhile Foreign Exchange Regulation Act (FERA) in arranging funds to advertise his company's liquor products abroad.
 
According to ED, Mallya had allegedly paid $200,000 to a British firm for displaying the Kingfisher logo in the Formula One World Championships in London and some European countries in 1996, 1997 and 1998. 
 
Agency had claimed that the money was allegedly paid without previous approval from the Reserve Bank of India, in violation of FERA norms.