Vijay Mallya Still Evading Indian Law, Asset Recovery Does Not Absolve Him Of Money Laundering Charges: ED To Bombay HC

The ED told the Bombay High Court that recovery of Rs 14,131.60 crore in assets by an SBI-led consortium does not end criminal proceedings against Vijay Mallya. The agency said asset restoration under the PMLA is separate from criminal liability and does not wipe out alleged money laundering, loan diversion or financial fraud charges linked to Kingfisher Airlines.