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Wilful defaulter News
Defaulter Rotomac owner Kothari says he will not leave the country
Mon, Feb 19, 2018
Kothari had taken a loan of more than Rs 800 crore from five state-owned banks
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.
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.
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.
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.
Vijay Mallya dismisses speculation of Force India sale
Sat, Jun 10, 2017
Troubled Force India co-owner Vijay Mallya has dismissed speculation of a possible sale of his team to Australian David Brabham or Formula One`s former commercial supremo Bernie Ecclestone.
ED confiscates Rs 100 crore farm house of Vijay Mallya in Maharashtra
Thu, May 18, 2017
The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
Mallya could fight extradition on political grounds: Experts
Thu, Apr 20, 2017
Indian tycoon Vijay Mallya, who has been declared a proclaimed offender, is likely to challenge his extradition to India from the UK on the grounds that the charges against him are politically motivated, legal experts in the UK said today.
Home Secy to press for early extradition of Mallya
Thu, Apr 20, 2017
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.
Vijay Mallya under house arrest; cannot leave till further notice
Wed, Apr 19, 2017
Central Bureau of Investigation (CBI) said the Westminster Magistrates' Court in London has put liquor baron, Vijay Mallya under house arrest, Times of India said in
Vijay Mallya arrested in London; granted bail
Tue, Apr 18, 2017
UPDATE: Westminster Court has granted bail to Vijay Mallya. Usual Indian media hype. Extradition hearing in Court started today as expected.
Extradition request for Mallya certified by UK secretary of state
Fri, Mar 24, 2017
The UK has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the secretary of state.
Faulty aircraft engines led to Kingfisher collapse: Vijay Mallya
Fri, Mar 03, 2017
Vijay Mallya, the embattled businessman who is in the UK, today said faulty engines were one of the factors for the collapse of Kingfisher Airlines.
India finally asks UK to extradite Vijay Mallya; here's what will happen now
Fri, Feb 10, 2017
Failing CBI’s request to extradite Mallya the request has now been sent through the Ministry of External Affairs. Third attempt to bring Vijay Mallya to justice in 11 months.
Begged for help, not loans, says Mallya
Sat, Jan 28, 2017
Squarely putting the blame for collapse of Kingfisher Airlines (KFA) on the then government's policies and economic conditions, troubled liquor tycoon Vijay Mallya has said public funds were used to bail out state-owned Air India, but not the then "largest domestic airline."
Vijay Mallya hits out at Sebi, CBI; says Kingfisher Airlines was a 'great public utility'
Thu, Jan 26, 2017
Securities and Exchange Board of India (Sebi) on Wednesday barred Vijay Mallya from accessing stock markets in India or holding a director's position in any company in the country. Mallya retorted by saying that he is "kind of" getting used to these witch hunts.
Kingfisher tycoon Vijay Mallya charged in loan default case: CBI
Tue, Jan 24, 2017
The Central Bureau of Investigation on Tuesday charged Vijay Mallya, the liquor and aviation tycoon, with having misappropriated a 9 billion rupee ($132 million) loan granted by a government-owned bank, a CBI spokesman said.
Mallya's jet to be re-auctioned; HC allows claimant to withdraw Rs 27 crore bid
Tue, Sep 27, 2016
The Bombay High Court today allowed a company, which had claimed to have won the auction for the fugitive industrialist Vijay Mallya's luxury jet for Rs 27.39 crore, to withdraw its bid paving the way for a fresh auction.