FILE PHOTO: Vijay Mallya leaves after his extradition hearing at Westminster Magistrates Court, in London, Britain, December 10, 2018. REUTERS/Peter Nicholls
MUMBAI (Reuters) - A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a "fugitive economic offender" on Saturday, paving the way for the government to seize his assets, according to Reuters partner ANI.
India recently approved a bill empowering authorities to seize assets of super-rich fugitives whose economic offences or crimes involve sums over 1 billion rupees (11.3 million pounds).
