Cases registered against Liquor baron Vijay Mallya

Vijay Mallya
Vijay Mallya

Liquor baron Vijay Mallya, wanted in India on loan default and money-laundering charges, suffered a major setback on Tuesday (8) when a UK high court ruled in favour of Indian banks seeking to collect more than $1.55 billion from the business tycoon.

Judge Andrew Henshaw upheld an Indian court’s ruling that a consortium of 13 Indian banks could recover funds from the businessman by selling off Mallya’s assets in the UK.

Mallya has been in self-imposed exile in the UK since March 2, 2016. He left India when the banks were attempting to recover nearly Rs. 9,000 crores in unpaid loans to the now defunct Kingfisher Airlines.

The 62-year-old is also embroiled in another fight to block his extradition to India over financial irregularities and money laundering cases. The final verdict of the case, which is being heard by the Westminster Magistrate Court in London, will be on July 11.

Here’s a look at some of the most important cases registered against Mallya.

Loan default

In March 2016, a consortium of 17 banks lead by State Bank of India approached the Supreme Court of India seeking to prevent Mallya from leaving the country before repaying a loan amounting to Rs. 9000 crores. However, he had already left the country by then.

Enforcement Directorate’s money laundering case

In March 2016, the Enforcement Directorate filed a case against the businessman for allegedly sending abroad a sum of Rs. 900 crore from his company.

Central Bureau of Investigation’s case

In July 2015, the Central Bureau of Investigation filed a case against Mallya and officials of IDBI bank stating that the bank had sanctioned loans above the permissible limit.

Provident fund

In March 2016, the Employees’ Provident Fund Organisation formed a body to investigate irregularities in provident fund dues to Kingfisher Airlines employees.

AAI case

In July 2016, a Mumbai court issued a non-bailable warrant against Mallya after the Airports Authority of India stated that Kingfisher airlines had dishonoured two cheques worth Rs.100 crores.