Court declares Mallya a proclaimed offender.

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A person is termed a proclaimed offender in a criminal investigation if the court believes that the accused has absconded or is concealing himself so that a warrant cannot be executed. Criminal conspiracy, criminal breach of trust etc relating to Rs. 900 crore of loan sanctioned by IDBI Bank, Mumbai to M/s Kingfisher Airlines Ltd in which Mr. Mallya is one of the accused among other co-accused.