Diabytes
KFA loan News
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Vijay Mallya is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.
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Chief Magistrate Judge Emma Arbuthnot is expected to give her verdict on whether Mallya can be extradited to India to stand trial on the charges brought by the CBI and ED.
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The ED moved the special court seeking to declare the London based industrialist a fugitive economic offender under the Fugitive Economic Offender Act 2018.
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The Enforcement Directorate wants Mallya to be declared as a fugitive economic offender and his properties to be confiscated under the act.
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Absconding liquor baron Vijay Mallya who is facing charges of loan default to the tune of nearly Rs 9,000 crore may be extradited, as per a report in a TV channel.
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Vijay Mallya took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.
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Atorney General Mukul Rohatgi has told the Supreme Court that the government is seeking deportation of liquor baron Vijay Mallya from the UK to India.
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The Supreme Court has asked liquor baron Vijay Mallya whether he truthfully disclosed his assets to it or not.
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This is a case were IDBI bank employees allegedly sanctioned about Rs 900 crore loan to KFA while it was having a low credit rating.
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Absconding liquor baron Vijay Mallya on Friday tweeted that the media is happily being used as the pitch and he is the Football.
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Newer claims have emerged about absconding liquor baron Vijay Mallya receiving undue favours from the Manmohan Singh-led UPA government .
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Government had cancelled Mallya's passport weeks after he flew first-class to London on March 2. Public sector banks had also knocked on the doors of the Supreme Court to recover the loans.
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Finance Minister Arun Jaitley said that he is not surprised by the UK government's stand on liquor baron Vijay Mallya's deportation.
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The MEA quoted the UK government saying that it recognises the seriousness of allegations made against the liquor baron and will fully cooperate with government of India.
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In further trouble for liquor baron Vijay Mallya, ED has sought revocation of his passport in connection with its money laundering probe in the Rs 900 crore IDBI bank loan fraud case.
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In what could give another setback to beleaguered businessman Vijay Mallya, the Enforcement Directorate (ED) on Wednesday approached the passport office to revoke his passport.
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Corporate misconduct happens all over the world and one episode of liquor baron Vijay Mallya cannot undo the good work done by domestic and international companies in India, Commerce Minister Nirmala Sitharaman said on Friday.
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Attorney General informed the apex court that Mallya left India on March 2.
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The Supreme Court on Wednesday gave notice to liquor baron Vijay Mallya on SBI and other public sector banks' plea seeking restraining him from leaving India.
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State-run United Bank of India Monday said the BSE has sought clarifications from it on reports that it does not expect to recover Rs 400 crore loan to the grounded carrier Kingfisher Airlines.
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