New Delhi, June 30: In more trouble for Vijay Mallya, a special PMLA court has summoned the liquor baron on August 27  under the Fugitive Economic Offenders Ordinance. If the loan defaulter failed to appear before the designated court within the given time, he will be declared as a ‘fugitive’ and the Enforcement Directorate (ED) will confiscate his properties worth Rs 12,500 crore. Also Read - Sushant Singh Rajput Death Case: ED Encounters Rhea Chakraborty’s Deleted WhatsApp Chats

The notice was issued to Mallya in connection with the ED’s June 22 application for declaring him as a fugitive economic offender and confiscated his properties. The ED had last week filed an application before a special court seeking to declare Mallya as a ‘fugitive economic offender’ and confiscate his assets worth Rs 12,500 crore under the new ordinance, which gives the law enforcing agencies powers to attach and confiscate the proceeds of crime and properties of economic offenders like bank fraudsters or loan defaulters fleeing the country. Also Read - Sushant Singh Rajput Case: ED Seizes Rhea Chakraborty And Family's Mobile Phones

The Ordinance aimed at deterring economic offenders from evading the process of law by remaining outside the jurisdiction of Indian courts.  (Also Read: ‘If Politically Motivated Factors Interfere in Dues Settlement, There’s Nothing I Can do’) Also Read - Sushant Singh Rajput’s Flatmate Siddharth Pithani Arrives at ED Office to Record Statement (PICS)

Notably, the summon came hours after Mallya denied the allegations of attempting a “plea bargain” made by an ED official. “Vijay Mallya is offering a plea bargain, which will not work in our country, by trying to say he intends to repay banks and that he should be allowed to sell his assets…As an absconder, he can no longer dictate terms in India, and the assets are no longer in his name to sell,” the ED official had said.

Referring to the official,  Mallya tweeted: “Media reports quote an ED official stating that I am attempting a plea bargain. Would respectfully suggest that the official read the ED charge sheet first. I would invite the ED to advance the same plea bargain theory in Court in front of whom I have placed my assets.”

Earlier this week, the liquor baron claimed that he had requested the Karnataka High Court on June 22 to permit him and his holding firm UBHL to sell their assets worth Rs 13,900 crore to repay banks, however his requests have not been taken seriously by the government.
“It is incorrect that my settlement offer before the Karnataka HC was motivated by the latest chargesheet under the media reported Fugitive Ordinance. I always had honest intentions to settle and there is ample proof,” Mallya had tweeted.

Furthermore he posted,”I am asked for comment on being labelled a fugitive economic offender. When I have placed assets on the table before the Karnataka High Court in excess of the bank claims, how can I be an economic offender? The fugitive part falls away.”