• Friday, July 01, 2022

Business

Courts close in on Mallya

By: Eastern Eye Staff

ENFORCEMENT OFFICERS CAN SEIZE ASSETS OF THE TYCOON INDIAN tycoon Vijay Mallya said last Sun­day (8) he will comply fully with court enforcement officers seeking to seize his British assets, but there was not much for them to take as his family’s lavish resi­dences were not in his name. India wants to extradite the 62-year-old former liquor baron from Britain to face charges of fraud as a group of Indian banks seek to recover more than $1 billion of loans granted to his defunct Kingfisher Airlines. A verdict is expected by early September, with July 31 the final date for closing…

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