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Detailed explanation-1: -Former liquor baron Vijay Mallya became the first Indian businessman to be declared a fugitive economic offender on Saturday by a special court in Mumbai in a ruling that will likely empower government agencies to confiscate his properties in India and overseas.

Detailed explanation-2: -Vijay Vittal Mallya (born 18 December 1955) is an Indian businessman, former politician and fugitive. He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.

Detailed explanation-3: -Mallya is considered a Fugitive Economic Offender (FEO):a person for whom an arrest warrant has been issued in connection with the commission of an offence enumerated in the Act that has a minimum financial impact of Rs. 100 crore is called an FEO.

Detailed explanation-4: -A Fugitive Economic Offender is a legal term in India. It relates to any individual against whom a warrant for arrest in relation to a “scheduled offence” has been issued by any Indian court under the Fugitive Economic Offenders Act.

Detailed explanation-5: -But Mallya is not the only fugitive economic offender. In a reply in Lok Sabha in 2020, minister SP Shukla said that 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi.