Mallya a fugitive economic offender: BJP says feather in govt's cap in fight against corruption

Mallya, accused of defaulting on loan repayments and money laundering, is the first businessman to be declared an FEO under the Fugitive Economic Offenders Act which came into existence in August last year.

Speaking at a press conference, BJP spokesperson Sambit Patra said the law was brought in by the present NDA government to ensure that absconders — like Mallya — are brought to justice.

"Mallya grew under the patronage of the Congress government. Despite him being bankrupt, he was given loans and his loans were even restructured. He fled with Rs 9,000 crore of the country's money.

"It is a feather in the cap for BJP's fight against corruption," he said.

The ED had requested the Prevention of Money Laundering Act court in Mumbai that Mallya, who is currently in the UK, be declared a fugitive and his properties be confiscated and brought under the control of the Union government.

Special judge MS Azmi declared Mallya an FEO under Section 12 of the Act after hearing extensive arguments from Mallya's lawyer and the ED counsel.