Tag: Vijay Mallya

New Delhi: Market regulator Securities and Exchange Board of India (Sebi) on Friday ordered that absconding business tycoon Vijay Mallya shall continue to be restrained from accessing the securities market for a further three years. According to a Sebi order in “the matter of fund diversions and or improper transactions in United Spirits”, Mallya has […]

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

New Delhi:  A court here on Thursday declared liquor baron Vijay Mallya as an absconder in a case relating to alleged violation of foreign exchange rules. “Keeping in view the submissions made and the fact that accused Vijay Mallya failed to appear before this court despite lapse of more than 30 days and no representation […]

New Delhi: Fugitive Indian businessman Vijay Mallya was on Tuesday arrested in London in a money laundering case, CBI sources said. CBI sources said that Mallya was arrested in the case pending against him. Mallya is wanted in India for his Kingfisher Airlines defaulting on loans worth nearly Rs 9,000 crore. He fled to Britain […]

New Delhi: In a bid to deal with economic offenders like liquor baron Vijay Mallya, who flee the country to escape the legal process, the government on Thursday said it has prepared a draft legislation to enable confiscation of their assets. The draft law — Fugitive Economic Offenders Bill, 2017 — has been prepared and […]

New Delhi: Embattled liquor baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme Court to intervene. “Public Sector Banks have policies for One-Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the Supreme Court […]

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]

New Delhi: India on Monday welcomed UK government’s order to extradite fugitive liquor baron Vijay Mallya and said it awaits “early completion” of the legal process in the matter. UK Home Secretary Sajid Javid has ordered the extradition of Mallya on charges of conspiracy to defraud and money laundering offences, the British Home Office said […]

New Delhi: Absconding liquor baron Vijay Mallya had no intention of paying back loans of over Rs 5,500 crore to a consortium of banks even though creditors agreed to restructure debt for his Kingfisher Airlines Ltd (KAL) offering a lifeline to the now defunct airline. Investigations into the financial mess at KAL undertaken by the […]

London: Beleaguered liquor tycoon Vijay Mallya, who is facing extradition to India to answer charges of fraud and money laundering, on Sunday said that Prime Minister Narendra Modi’s recent statement that assets worth much more the amount he owes to banks have been seized “vindicates” his stand that he is a BJP’s “poster boy”. “I humbly […]

London/New Delhi: In a fresh win for India, the United Kingdom High Court has rejected fugitive businessman Vijay Mallya’s written submission for permission to appeal against his extradition order passed by a Westminster magistrate’s court. The submission was rejected by Justice William Davis on April 5. Mallya has five days for an oral submission, said […]

New Delhi: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. In a series of tweets, Mallya said he was sorry that so many airlines had bitten the dust in the country. “Even though […]

Asansol: Union Minister and BJP candidate in West Bengal’s Asansol Lok Sabha seat, Babul Supriyo, feels the opposition alliance will never materialise or cause any trouble to Narendra Modi regime, as it is only a “desperate attempt by corrupt political leaders to take a backdoor exit” from the grave charges they face. Talking to IANS on […]

London: Vijay Mallya, facing extradition proceedings in UK, was spotted at the Kennington Oval in London on Sunday watching India’s World Cup clash against Australia. “I am here to watch the game,” Mallya was quoted as saying by ANI in a video as he walked into the stadium with his ticket. Mallya’s son, Siddharth, posted […]

London: Beleaguered businessman Vijay Mallya was booed on Sunday with “chor hai (you are a thief)” chants as he watched the World Cup fixture between India and Australia at the Oval here. In one of the videos doing rounds on social media, Mallya could be seen surrounded by a small crowd of people pushing and […]