• Thursday, December 08, 2022

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Debt-ridden Mallya, leaves India

Vijay Mallya, India’s extravagant liquour baron

By: Eastern Eye Staff

INDIAN liquor baron Vijay Mallya, under pressure from banks to repay more than $1 billion of debt owed by his collapsed airline, left the country last week, a lawyer for the lenders told the country’s top court. More than a dozen state-run banks – led by the country’s largest, State Bank of India, – had appealed to the Supreme Court asking that Mallya be stopped from leaving as they step up pressure on the one-time billionaire. On Wednesday (March 9), Attorney General Mukul Rohatgi, representing the banks, told the Supreme Court he had been told by police that Mallya left…

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