SC declines Mallya’s plea seeking stay on fugitive offender tag

SC declines Mallya’s plea seeking stay on fugitive offender tag6Photo© firstpost.com

SC declines Mallya’s plea seeking stay on fugitive offender tag

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New Delhi, Dec 7: The Supreme Court has issued notices to the Enforcement Directorate on a plea by Vijay Mallya seeking to remove the 'fugitive' tag against his name.

The plea comes a day after he made repeated offers to persuade Indian authorities to accept his settlement before the Karnataka High Court. The Westminster Magistrate's court is due to deliver its verdict on a plea by India seeking to extradite Mallya from the United Kingdom.

He urged the banks to accept his offer and said that the huge loans that he had taken from them went into keeping the now-defunct Kingfisher Airlines afloat despite high jet fuel prices. Mallya also claimed that his vast liquor empire, the United Breweries, contributed "handsomely" to state exchequers.