The Enforcement Directorate (ED) moved a special court in
Mumbai to declare the defunct Kingfisher Airlines' chief Vijay Mallya as a fugitive
economic offender under the newly-promulgated Fugitive Economic Offenders
Ordinance. The agency also sought court orders for confiscating all the
properties of Mallya worth Rs 12,500 crore, which includes immovable properties
as well as movable properties in form of shares.
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TIMES OF INDIA NEWSPAPER
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