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Vijay Mallya News
Massive setback for Vijay Mallya; tycoon loses $1.55 bn
Wed, May 09, 2018
Embattled liquor tycoon Vijay Mallya, undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities, today lost a lawsuit filed by 13 Indian banks in the UK High Court seeking to collect from him more than USD 1.55 billion.
Court issues fresh order to attach Vijay Mallya's properties in PMLA case
Tue, May 08, 2018
A Delhi court today issued fresh directions to attach the properties of businessman Vijay Mallya, who was declared a proclaimed offender for evading summons in a money laundering case related to FERA violations.
Fugitive Economic Offenders Ordinance 2018: From Vijay Mallya, Nirav Modi to Jatin Mehta, check out the top 5
Mon, Apr 23, 2018
In a bid to deter economic offenders from evading the law of the country, the Union Cabinet on Saturday approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018.
Vijay Mallya suffers another setback; Attachment of properties ordered by HC
Tue, Mar 27, 2018
Chief Metropolitan Magistrate Deepak Sherawat directed the attachment through the Police Commissioner, Bengaluru, and sought a report by May 8 regarding the compliance of the order. The court was hearing an Enforcement Directorate (ED) plea seeking attachment of Mallya's properties. The court had on January 4 declared Vijay Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he failed to appear before it despite repeated summonses
Now, UK judge says Indian banks broke rules in Vijay Mallya case; 'blindingly obvious', she avers
Sat, Mar 17, 2018
Vijay Mallya extradition case: The hearing today marked the effective end of oral arguments in the case, which will now return to the court on April 27 to consider the additional material sought by the judge and for closing submissions by Mallya's defence team. The judge described the case as a 'jigsaw puzzle' with different pieces of 'massive evidence' to be put together to paint a picture, which she said she was now able to see "more clearly" than a few months ago
Gitanjali Gems faces Kingfisher’s fate; shareholders, employees in lurch
Sat, Feb 24, 2018
Kingfisher Airlines, which was run by India’s own Richard Brandson Vijay Mallya, had met with the similar fate, when it was grounded in October 2012
Vijay Mallya extradition trial's next hearing date remains uncertain
Mon, Jan 22, 2018
The next submissions hearing in the extradition trial of Vijay Mallya over alleged fraud and money laundering amounting to Rs 9,000 crores remains uncertain as the case was today not discussed in a London court due to differences among lawyers on a mutually convenient date.
UK: Vijay Mallya extradition trial hearing inconclusive
Thu, Jan 11, 2018
Embattled liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crore, today appeared in court here for his extradition trial but the hearing was inconclusive as the defence is yet to complete its arguments.
Vijay Mallya's defence questions impartiality of Indian judicial
Mon, Dec 11, 2017
Vijay Mallya's extradition trial to face fraud and money laundering charges of Rs 9,000 crore in India resumed today, with his defence fielding a legal expert to question the impartiality of India's judicial system.
India's case against Mallya politically motivated, UK court hears
Tue, Dec 05, 2017
The Indian government’s fraud case against tycoon Vijay Mallya is baseless and politically motivated, his defence lawyer told a London court on Tuesday as she battled to prevent his extradition to his home country.
Meet Mark Summers: India's Prosecutor in Vijay Mallya extradition case
Tue, Dec 05, 2017
Summers, known well for this technical knowledge and detailing, was previously Chair of the Extradition Lawyers' Association. He regularly advises and appears on behalf of individuals and foreign governments in UK and abroad.
Vijay Mallya has 'case of fraud' to answer, UK court told
Tue, Dec 05, 2017
The extradition trial of Vijay Mallya, wanted in India on charges of Rs 9,000 crores fraud and money laundering, today began at a UK court here, with the prosecution asserting that the embattled liquor baron had a "case of fraud" to answer.
CBI team to attend Vijay Mallya's extradition trial in London from tomorrow
Mon, Dec 04, 2017
A team of CBI officers will attend the extradition trial of industrialist Vijay Mallya, who is facing a probe by the agency into alleged loan defaults of over Rs 9,000 crore, in a London court from tomorrow.
Vijay Mallya calls himself a political victim before UK court
Tue, Nov 21, 2017
Mallya fled to Britain in March last year, after defaulting on loan payments to state-owned banks — Rs 900 crore loan from IDBI Bank, and a Rs 9,400 crore loan given by an SBI-led 17-bank consortium — and allegedly misused the funds by rerouting them to tax havens.
Vijay Mallya in UK court for extradition pre-trial hearing
Mon, Nov 20, 2017
Embattled liquor baron Vijay Mallya arrived at Westminster Magistrates' Court in London today for his pre-trial extradition hearing.
Sebi attaches bank, demat, MF accounts of Mallya's UBHL
Thu, Nov 16, 2017
In 2015, Markets regulator Sebi had levied a fine of Rs 15 lakh on the company for disclosure lapses regarding creation and invocation of certain pledge transactions in shares of United Spirits
Vijay Mallya arrested in London in money laundering case; secures bail immediately
Tue, Oct 03, 2017
Liquor baron Vijay Mallya has been arrested in London for the second time this year in a money laundering case, a Doordarshan report claimed on Tuesday. However, he secured a bail immediately after. In April 2017, Mallya was arrested as per India’s expedition request.
Vijay Mallya to get same treatment as other prisoners: India to UK
Wed, Jul 19, 2017
Vijay Mallya, who is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 9,000 crore, has been in Britain since March, 2016.
Missing India? There's nothing to miss, says Vijay Mallya
Fri, Jul 14, 2017
Missing India, and pining for a pit lane he can visit only once a year? Not a bit of it, says embattled Formula One team owner Vijay Mallya.
CVC monitors CBI probe in top bank frauds, including Vijay Mallya
Sun, Jul 02, 2017
The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide.