SC dismisses Mallya's plea seeking quashing of criminal proceedings
Q. On 13th July’15 the Supreme Court dismissed businessman Vijay Mallya's plea seeking quashing of criminal proceedings against him in a case pertaining to violation of __________.
- Published on 24 Jul 15a. Money Laundering Act
b. Foreign Exchange Rules
c. Illegal Land Acquisition Rules
d. All of above
ANSWER: Foreign Exchange Rules
Earlier, the apex court had issued notice to the Enforcement Directorate (ED) on Mallya's plea against the Delhi High Court order turning down his appeal for quashing criminal proceedings in a trial court for alleged wilful disobedience of summons issued to him by the ED. The ED had alleged that Mallya violated the provisions of Foreign Exchange Regulation Act (FERA) in arranging funds to advertise his liquor products abroad over a decade ago.
