Why ED's move to get Interpol arrest warrant on Vijay Mallya may be futile
ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in this case
After Britain declined India's request to deport Vijay Mallya, ED has now sought an Interpol arrest warrant against the liquor baron to make him join investigations in connection with a money laundering probe case.
Officials said the Enforcement Directorate (ED) has written to CBI to obtain a Red Corder Notice (RCN) against Mallya from the global police body. CBI acts as the nodal office for execution of Interpol warrants in India.An RCN is issued "to seek the location and arrest of wanted persons with a view to extradition or similar lawful action" in a criminal case probe.
Once the said notice is issued, the Interpol seeks to arrest the person concerned in any part of the world and notifies that country to take his or her custody for further action at their end.
However, there are doubts whether this will indeed be of any help for the ED. According to a report in The Indian Express, experts are of the opinion that it may not be easy for the ED to extradite Mallya by issuing an RCN. For one, issuing such a notice is in itself a time-consuming process, they told the newspaper citing Lalit Modi's case.
Secondly, Mallya still appeal against the notice with Interpol, in which case the agency will have to hear out the business man before issuing the notice, the report says.
Moreover, extraditing from the UK is difficult because Mallya can still go to court there against any such move.
The agency has been wanting to make Mallya join investigations "in person" in the over Rs 900 crore IDBI loan fraud case in which it registered a criminal case under the Prevention of Money Laundering Act (PMLA) early this year.
It has virtually exhausted most of the legal options to make Mallya join the probe including issuance of a non-bailable warrant against him from a Mumbai court based on which it made the requests for the revocation of his passport and subsequent deportation bid to bring back the businessman from the UK.
However, Britain has made it clear that Mallya cannot be deported and asked India to seek his extradition instead.
The British government said it acknowledges "the seriousness of allegations" against Mallya and was "keen to assist" the Indian government in this case.
ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in this case.
Finance Minister Arun Jaitley had on Wednesday said in Parliament that India will now have to initiate extradition process after a charge sheet is filed to bring back the embattled tycoon to face money laundering charges as well as recovery of the Rs 9,400 crore of loans to his defunct Kingfisher Airlines.
Cancellation of passport "does not result in automatic deportation, that is the stand taken by UK," Jaitley had said.
Vijay Mallya, 61-year-old liquor baron, will be back in the dock at Westminster Magistrates' Court in London for day four of hearing
ED will take banks on-board too before attaching these assets under PMLA laws
The banks accused Vijay Mallya of contempt of court as he did not disclose before the court the transfer of $40 million to his son and daughters