Special judge PR Bhavake said in the Proclamation Order that Mallya had committed an offence that was punishable under the Prevention of Money Laundering Act, 2002.
Mallya was declared a proclaimed offender earlier this month. According to Indian law, a proclaimed offender is one who is absconding despite an arrest warrant issued against them. The Enforcement Directorate had moved court to have Mallya declared a proclaimed offender as this is a prerequisite for a red corner notice (an international crime alert) to be issued against him.
On June 11, the investigating agency attached properties worth Rs 1,411 crore belonging to Mallya and his company United Breweries.
Mallya is accused of several loan defaulting cases. He owes a consortium of Indian banks Rs 9,000 crore. He left the country on March 2 using his diplomatic passport after stepping down as head of United Spirits.
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