A magistrates court in Hyderabad has convicted business tycoon Vijay Mallya in a cheating case filed by GMR Hyderabad International Airport Ltd.
The 3rd Special magistrate court Erramanzil, Hyderabad convicted Mallya and chief financial officer A Raghunathan after two cheques issued by them, worth a total of Rs 50 lakhs, bounced .
The court convicted them after a detailed hearing. The quantum of punishment will come on May 5. In between, the court also issued a fresh non bailable warrant against Mallya and his former CFO and asked them to appear on that day.
On April 18, Enforcement Directorate officials had said that they would seek an interpol arrest warrant against Mallya based on a non-bailable warrant issued against him.
Officials said the agency would soon write to the global police body, through the Indian nodal office of the CBI, to get issued a Red Corner Notice (RCN) against Mallya, who had left the country on March 2 and is said to be in UK at present.
A Special PMLA Court had on Monday issued the non-bailable warrant against the former liquor baron, rejecting Kingfisher's plea challenging ED's claim that Rs 430 crore was siphoned off to acquire properties abroad. Kingfisher Airlines had moved an application in the court terming as "false and incorrect" Enforcement Directorate's charges against its owner Vijay Mallya.
The Enforcement Directorate had informed the court that Mallya needs to appear before it for case to progress.
Mallya, now in Britain, is charged with siphoning off a portion of money involving IDBI loan of Rs 950 crore, which he had borrowed for Kingfisher Airlines. On April 15, the Ministry of External Affairs had suspended the diplomatic passport of Mallya, a Rajya Sabha MP.
(With PTI Inputs)
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