Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
2-min read

Declaring Me Fugitive Offender is Like Giving 'Economic Death Penalty', Mallya Tells Bombay HC

Mallya made the statement through his counsel Amit Desai before a bench of justices Ranjit More and Bharati Dangre, during arguments on his plea challenging several provisions of the Fugitive Economic Offenders Act.

News18.com

Updated:April 24, 2019, 6:02 PM IST
facebookTwitterskypewhatsapp
Declaring Me Fugitive Offender is Like Giving 'Economic Death Penalty', Mallya Tells Bombay HC
File photo of Vijay Mallya. (Reuters)

Mumbai: Embattled liquor tycoon Vijay Mallya told the Bombay High Court on Wednesday that by declaring him a fugitive economic offender and allowing attachment of his assets, a special court had awarded him an "economic death penalty".

Mallya made the statement through his counsel Amit Desai before a bench of justices Ranjit More and Bharati Dangre, during arguments on his plea challenging several provisions of the Fugitive Economic Offenders Act that came into existence in August last year.

"My debts and the interest on such debts are mounting. I have assets to pay off these debts but the government won't allow the use of these assets to clear the debts. I have no control over my properties," the businessman said. "This is an economic death penalty that has been awarded to me," he said.

Desai urged the court to pass an injunction against the proceedings related to confiscation of his assets across the country.

The bench, however, refused to grant any interim relief on the petition. A special court here had in January declared Mallya a fugitive economic offender (FEO) under provisions of the Fugitive Economic Offenders Act.

Later, Mallya approached the high court, challenging the provisions of the act that permit, among other things, confiscation of assets and placing them under the control of the Union government.

He also filed another petition challenging the special court order that declared him an FEO which was being heard by another division bench of the high court.

Desai argued that the FEO Act was "draconian" and "unconstitutional" as it allowed the Centre to confiscate everything, irrespective of whether a property was bought from the proceeds of a crime or not.

Mallya's plea was opposed by the Enforcement Directorate's (ED) counsel D P Singh, who argued that the Act was not draconian at all. "This act is not draconian. In fact, this act prohibits prosecuting agencies from acting on their own. For everything, including attachment of properties, we are supposed to get a court order that is passed only after hearing all sides," Singh said.

"This act is meant for Mallya-like people only. It is not an ordinary legislation. The act has been constituted to bring back defaulters who have defaulted amounts of Rs 100 crore and above," the counsel said.

The court, too, noted that the legislation was a sound one and not draconian. "We understand this legislation is a little harsh. But that is because it deals with draconian situations," the bench said. It, however, issued a notice to the attorney general to respond to Mallya's plea challenging the act.

(With inputs from PTI)

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results