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Tuesday, April 2, 2019

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Confiscating properties draconian: Mallya to HC

Fugitive businessman Vijay Mallya Monday told the Bombay high court that confiscation of his properties under the newly-enacted Fugitive Economic Offenders Act (FEOA) was draconian and it will not help the creditors. As per provisions of the Act, once a person is declared a fugitive, his properties can be confiscated by the prosecuting agency, ED

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