Delhi court issues non-bailable warrant against Vijay Mallya in FERA violation case

Beleaguered businessman Vijay Mallya faces fresh trouble as a Delhi court has issued an open-ended, non-bailable warrant against him in connection with the 1995 FERA violation case. The Enforcement Directorate had registered a case under now defunct Foreign Exchange Regulation Act (FERA) against Mallya.

Chief Metropolitan Magistrate Sumit Dass issued the order after ED submitted that in order to execute the non-bailable warrant issued by the court last year on November it needed more time. Das also asked ED to file a progress



report in this regard within two months. The matter will be brought up during the next hearing on November 8. The ‘open-ended NBW’ does not carry a time limit for execution, reported .

According to ED, Mallya had allegedly paid $200,000 to a British firm for displaying Kingfisher logo in Formula One World Championships in London and some European countries in 1996, 1997 and 1998. The agency also claimed the money was paid without prior approval from the Reserve Bank of India (RBI) in violation of FERA norms.