Indebted tycoon Vijay Mallya on Sunday accused Indian government agencies of deeming him ‘guilty without trial’ and lambasted the country's financial crime ...
India has failed in its initial attempt to secure the return of debt-strapped tycoon Vijay Mallya from Britain but New Delhi said on Wednesday it would continue to seek his repatriation to face his creditors.
India's foreign ministry said Thursday it has asked Britain to deport the embattled former airline boss Vijay Mallya, who is embroiled in money laundering investigations.
India's government has revoked former airline boss Vijay Mallya's passport, after he failed to appear before investigators over a loan probe, the foreign ministry said Sunday.
An Indian court on Monday issued an arrest warrant for the embattled tycoon Vijay Mallya, who left the country owing more than $1 billion, an official told AFP.
Embattled Indian tycoon Vijay Mallya has proposed to repay ?40bn ($603mn), less than half of what his defunct Kingfisher Airlines owes to creditor banks.
Tycoon Vijay Mallya, under pressure from banks to repay more than $1bn owed by his collapsed airline, refuted claims he had fled India as politicians traded recriminations over how he was able to fly to Britain unhindered.
India's finance minister vowed Thursday to recover more than $1.3 billion from heavily indebted liquor baron Vijay Mallya, as a political row erupted over the flamboyant businessman's surprise departure from the country.
The heavily indebted Indian liquor baron Vijay Mallya has fled the country, the Supreme Court heard on Wednesday, as banks lined up to try to recover more than $1 billion in unpaid loans.
