- Thursday, April 25, 2024
By: Sarwar Alam
Indian tycoon Vijay Mallya appeared in a London court on Monday to start his fight against extradition to his homeland, where he is accused of fraud. Mallya, chairman of the UB Group drinks conglomerate and chief executive of the Force India Formula One team, appeared in the dock at Westminster Magistrates Court, after facing a media scrum outside. He left India in March 2016 owing more than $1 billion after defaulting on loan payments to state-owned banks and allegedly misusing the funds. The loans from the state-owned IDBI bank were intended to bail out his failed carrier Kingfisher Airlines. The opening of…
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