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India

UK court awards BOC Aviation $90mn against Vijay Mallya

London/Singapore: Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now- defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated $90 million in claims. The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs 9,000 crores returns to Westminster […]

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India

Vijay Mallya arrives at UK court for extradition trial

London: Liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges, today arrived at Westminster Magistrates’ Court for the opening day of his extradition trial. The 61-year-old tycoon looked relaxed as he was greeted by a swarm of cameras and reporters when he […]

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India

Vijay Mallya’s extradition trial begins tomorrow

London: Embattled liquor baron Vijay Mallya, out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges earlier this year, will return to Westminster Magistrates’ Court in London tomorrow as his extradition trial begins. The 61-year-old businessman, who has been in self-imposed exile in the UK since March 2016 […]

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India

Mallya case hearing begins in UK High Court

Judges made a few interventions,Mallya is wanted by the Indian justice system is not materially different between English and Indian law.

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India

British court rejects Mallya’s plea against extradition

Now that Judge Davis has dismissed the plea of Vijay Mallya, the fugitive financial offender has the option of ‘renewal’ of his application

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India

CBI to file charge sheet against Mallya, bank officials

New Delhi: Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya’s Kingfisher Airlines may be named as accused in a CBI charge sheet which is likely to be filed within a month, sources said.   This would be first charge sheet in the case pertaining to loans of over Rs […]

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India

Mallya chanced upon me in Parliament corridor and was snubbed, Jaitley writes

New Delhi: Finance Minister Arun Jaitley Wednesday rubbished Vijay Mallya’s claim of having met him before fleeing to London in 2016, saying he never gave him an appointment after becoming a minister in 2014 but the fugitive liquor baron misused his position as an MP to accost him once in Parliament. Terming Mallya’s offer to […]

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Economy

Banks working closely with UK authorities to recover dues from Mallya: SBI MD

New Delhi: Indian banks are working very closely with the UK authorities to recover maximum out of assets owned by Vijay Mallya after a British court allowed them to search and seize properties of the fugitive liquor baron, SBI MD Arijit Basu said today. “We are very happy with the court order and with this kind […]

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India

UK court grants permission to search Mallya’s estate near London

London: In a major setback to fugitive economic offender Vijay Mallya, the UK court has ruled in favour of a consortium of 13 Indian banks by granting permission to enter his sprawling estate near London and seize his possessions. A UK High Court judge has issued an enforcement order in favour of a consortium of […]

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India

Fugitive offenders ordinance: Special court summons Mallya on 27 Aug

Mumbai: A special PMLA court here today summoned beleaguered liquor baron Vijay Mallya to appear before it on 27 August on the Enforcement Directorate’s plea seeking action against him under the fugitive economic offender’s ordinance in the over Rs 9,000 crore bank fraud case. Special judge M S Azmi, dealing with the Prevention of Money Laundering […]