Cases registered against Liquor baron 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…

You do not have access to this content. You need to subscribe.