Diabytes
Vijay Mallya absconding News
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Mallya is currently on a 650,000 pounds bail since his arrest on an extradition warrant by Scotland Yard in April last year.
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The Indian government has submitted the requisite "opening note" and paperwork related to Vijay Mallya's extradition case to the liquor baron's legal team within the UK court deadline.
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The move is followed by the absconding liquor baron's brief arrest and consequent bail in London.
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Arun Jaitley said investigative agencies are doing their best to ensure extradition of controversial businessman Vijay Mallya, who was arrested in London yesterday and later released on bail.
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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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Fugitive Mallya has been on the radar of the Indian agencies for a long time now and the government has been in talks with the UK government for his extradition over charges of multi-crore loan default by a consortium of Indian banks.
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The Home Ministry on Monday forwarded to the Ministry of External Affairs (MEA) a court-issued request to bring back embattled liquor baron Vijay Mallya from the United Kingdom to India to face money laundering probe.
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Vijay Mallya has sought 3 weeks time to file reply to SBI led consortium of banks who sought deposit of amount of 40 million dollars before the Supreme Court.
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The consortium of banks had approached the apex court seeking its intervention in bringing back Mallya to India and also the repayment of money which the beleaguered businessman had taken.
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The UB Group chairman, who is being chased in connection with an alleged debt of around USD 1.4-billion linked to the collapsed Kingfisher Airlines, has been based in the UK since March this year.
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Troubled Indian businessman Vijay Mallya is set to make a rare public appearance in the United Kingdom.
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A Mumbai Special Court on Wednesday ordered Vijay Mallya, head of the defunct Kingfisher Airlines, to appear before it on July 29 regarding money laundering cases filed against him.
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Absconding liquor baron Vijay Mallya, who has given sleepless nights to banks in India, has not stopped living life!
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Once flamboyant businessman, Mallya is now an absconder. Check out Mallya's life through this video.
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A Hyderabad local court on Wednesday adjourned the Vijay Mallya cheque bounce matter to June 6.
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Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.
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Banks in India have expressed their willingness to settle the loan deal with absconding liquor baron Vijay Mallya provided there is a government cover to it
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