Vijay Mallya is accused of defrauding Indian banks of about Rs 9000 crore. His deportation to India may end a long-fought battle against him launched by Indian investigation agencies.
Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him.
Fugitive liquor baron Vijay Mallya on Tuesday urged the government to help in sending all the employees of Kingfisher home as the company has stopped all operations.
Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and has challenged his extradition once again asked the Indian banks to take back 100 per cent of the principal amount owed to them.
The Kingfisher House -- the erstwhile headquarters of the defunct Kingfisher Airlines Ltd. (KAL) - owned by absconding liquor baron Vijay Mallya, will be up for auction again. The 8th time in barely three years.
Vijay Mallya News: Jet Airways crisis latest Updates, Jet Airways Crisis: Mallya currently owes about Rs 9,000 crore to a clutch of public sector banks. Once the 'King of Good Times', Mallya is now a fugitive economic offender living in London and facing extradition.
The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
Mallya’s counsel Amit Desai had submitted an application in the case to ED.
Mallya has three kids from his previous marriages, a son named Siddharth and two daughters, Leanna and Tanya.
Raju further said that the disinvestment process of the national carrier has been initiated and added that the government does not want anyone working in Air India to lose job.
The villa, when owned by Mallya, has hosted some of the most extravagant parties, before the liquor baron, who owes banks thousands of crores fled the country.
According to a concession agreement between MoCA and BIAL, the latter collects a security fee or passenger service fee through various airlines. This fee is deposited in an escrow account.
Force India has never won a race but it is fourth out of 10 in the constructors' championship this season.
Mallya, who is facing extradition to India over unpaid debts for the defunct Kingfisher Airlines, resigned ahead of the last meeting of FIA's World Motor Sport Council
Days after he was arrested and granted conditional bail by a court in London, it has emerged that Indian investigators are in possession of key documents that may help them in seeking early extradition of beleaguered businessman Vijay Mallya.
India will press for early extradition of fugitive liquor baron Vijay Mallya from the UK when Home Secretaries of both the countries will meet here next month.
A consortium of banks moved the court seeking the freezing of his passport. He was arrested earlier today in London.
Joshi, who is the promoter of Viiking Ventures Pvt. Ltd., said that a change of name was an eventuality though he has not finalised any name for the palatial villa as of now.
A non-bailable warrant against beleaguered liquor baron Vijay Mallya has been issued by a Delhi court on Wednesday in case of allegedly evading summons in a Foreign Exchange Regulation Act (FERA) violation matter.
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