Businessman Vijay Mallya, who was facing extradition proceedings in the U.K. and against whom the Enforcement Directorate recently invoked the Fugitive Economic Offenders Ordinance, has indicated that he may come back to the country , says an agency source.
Though no official communication has been received from Mr. Mallya so far, the ED is learnt to have received inputs that he has shown the intent to face legal proceedings in India in connection with the alleged wilful bank loan default cases against him. “We have information that he may return,” said an official.
The development came days before the next hearing on India’s request for Mr. Mallya’s extradition on July 31.
About a month ago, the Directorate had moved an application before a Special Court in Mumbai seeking issuance of a notice against Mr. Mallya under the Ordinance and confiscation of assets worth Rs. 12,500 crore linked to him if he did not turn up. Accordingly, the Court issued a notice seeking his presence on August 27.
A certified copy of the notice was now with the External Affairs Ministry to be despatched to the U.K. and served on the beleaguered businessman.
The ED had prepared a list of 10 immoveable assets worth about Rs.2,000 crore, besides bank deposits and shares.
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