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Bengaluru Special Court has declared Ramachandran Vishwanathan as a Fugitive Economic Offender for allegedly generating huge proceeds through his company, said an official press release.
The order was passed on a plea by the ED seeking to declare Viswanathan as an fugitive economic offender under Section 4 read with Sections 10 and 12 of the Fugitive Economic Offenders Act of 2018.
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The move by Mauritius authorities to take control of the three Mauritius firms that invested in Devas is part of a protracted legal battle between Indian authorities and the Devas Multimedia investors.
The Québec Superior Court recently issued its first ever decision on sovereign immunity from suit in relation to the enforcement of awards arising from an investor-state arbitration...