Indian court issues arrest warrant for Mallya


An Indian court has issued an arrest warrant for the embattled tycoon Vijay Mallya, who left the country owing more than $1 billion (£700m). The 60-year-old liquor baron, once dubbed the “King of Good Times”, left India on March 2 despite calls for his arrest and is believed to be in Britain. “The court today issued a non-bailable warrant against Vijay Mallya at our request,” said a senior official at the Enforcement Directorate, the government’s financial crimes investigator, speaking on condition of anonymity. The official said the directorate would now decide how to proceed against Mallya and may seek his…

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