The Enforcement Directorate on Friday moved to special anti-money laundering court in Mumbai to declare Vijay Mallya a proclaimed offender.
The Enforcement Directorate, which has been probing Mallya, had also issued a non-bailable warrant against him.
The agency alleges that out of the Rs 900 crore loan taken from IDBI bank in 2009, Rs 430 crore had allegedly been dispatched illegally outside the country.
Both the Enforcement Directorate and the Central Bureau of Investigation are probing Mallya for the Rs 9,000 crores loan scam.
On Thursday, the Central Bureau of Investigation formed a Special Investigation Team headed by an Additional Director Rakesh Asthana, to probe into the case.
Earlier, the Bank, Securities and Fraud Cell (BSFC) of CBI’s Mumbai branch, under the supervision of Special Director R K Dutta, a 1981-batch IPS officer of Karnataka cadre, was investigating the alleged loan fraud by Mallya.
BSFC will now report to Asthana about the progress made in the case.