As per businessman’s lawyer told a special Prevention of Money Laundering Act (PMLA) in court that Vijay Mallya is willing to sign consent terms with the Indian government about paying his dues to creditors,
The court began its hearing on a plea by the Enforcement Directorate (ED), which wants to declare Mallya a fugitive economic offender and confiscate his properties in India. Mallya — who is currently in London — has so far neither appeared in court, nor submitted any relevant document that he would join the process of law in India. Vijay Mallya, an Indian business tycoon and former politician, is facing legal action for allegedly nearly $1.2 billion (Rs. 9,000 crore) of bank loans.