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Vijay Mallya declared a fugitive economic offenderby PMLA court

Saturday, January 5, 2019, 7:55 PM

In a second major setback for erstwhile liquor baron Vijay Mallya, the special court in Mumbai today declared has declared him a 'Fugitive Economic Offender', making him first businessman to be charged under the new anti fugitive law. This means now the government can initiate to confiscate his properties in alleged Rs. 9,000 crore loan default case.
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Vijay Mallya extradition ruling is scheduled on Monday

Sunday, December 9, 2018, 3:26 PM

Embattled liquor tycoon Vijay Mallya is scheduled to return to Westminster Magistrates' Court in London on Monday when his extradition trial is listed for a judgment hand-down. The 62-year-old former Kingfisher Airlines boss, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs.9,000 crores, has been on bail since his arrest on an extradition warrant in April last year.
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SBI denies any laxity in dealing with Vijay Mallya case

Friday, September 14, 2018, 6:41 PM

State Bank of India (SBI) said today there was no laxity on its part in dealing with loan default by fugitive liquor baron Vijay Mallya. Reports have suggested that SBI, which was the lead lender to Kingfisher Airlines, was in Feb'16 advised to move the Supreme Court to stop Mallya from fleeing India but the lenders moved only after Mallya left India.

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