Vijay Mallya

Vijay Mallya's jet sold on fourth attempt for Rs 35 Crore

US firm Aviation Management Sales bought the Bengaluru businessman's Airbus A319 after it was auctioned for the fourth time.

Jun 30, 2018

Stop politics over economic offenders, they are nothing but national embarrassment

With the likes of Nirav Modi and Vijay Mallya in safe havens, it's time to leave political allegations aside and treat fugitive economic offenders as a national embarrassment and devise means of bringing all the 'escapes' to justice in our own law courts.

Jun 28, 2018

This is why Mallya & Co. are sitting smug in knowledge they can't be extradited

A report by Asian Centre for Human Rights says that until the time India improves the condition in jails, seeking foreign countries to extradite fugitives would be fruitless. There were approximately five custodial deaths per day reported during a period of 11 months in 2017-18.

Jun 27, 2018

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Read the full text of Vijay Mallya's statement on loan default charges

Vijay Mallya broke his silence on loan default charges on June 26. He stated that he would settle all his bank dues in India. Read the full text here.

Jun 26, 2018

Vijay Mallya: ED chargesheet is nothing but a witch hunt to make me poster boy of bank default

Vijay Mallya is wanted in India in several cases, including Foreign Exchange Regulation Act (1995) violation and non-repayment of loans

Jun 26, 2018

Vijay Mallya: ED seeks to confiscate Rs 12,500 crore of assets; tag him as 'economic offender'

The Enforcement Directorate filed an application to have Mallya declared a fugitive economic offender under the newly-promulgated Fugitive Economic Offenders Ordinance. The ED also filed for a court order to seize all of Mallya's assets worth Rs. 12,500 crore.

Jun 23, 2018

London court asks Vijay Mallya to cough up to cover legal expenses of Indian banks

The tainted business tycoon, who has sought asylum in the United Kingdom, has been ordered to pay 200,000 pounds towards expenses incurred by 13 Indian banks in their legal battle against him.

Jun 16, 2018

Vijay Mallya is my father's friend: Congress social media head Divya Spandana

Divya Spandana accepted her past liaison with Vijay Mallya but questioned the fairness of being targeted for her old connection with a man who is now accused of money laundering now.

May 1, 2018

Income tax department to scan wealthy people migrating abroad

The Central Board of Direct Taxes (CBDT) has set up a five-member working group to examine the taxation aspects related to High Net Worth Individuals (HNIs) migrating abroad.

Apr 6, 2018

Passport mandatory for loans of more than Rs 50 crore from PSBs

Following the PNB scam, the Finance Ministry has made passport details mandatory for loans above Rs 50 crore from Public Sector Banks so that defaulters cannot escape abroad.

Mar 10, 2018

PNB requests relief from RBI: Occasional expose is feted, but justice never served

The daring bank heist executed in an unbelievably simplistic manner will now become the subject of complex arguments at various courts.

Mar 9, 2018

Air Deccan receives a hearty welcome as it restarts operations; flights on Mumbai-Nashik route already sold out

While flyers may find a ticket on December 30 and 31 on Air Deccan, the flight on January 1 is sold out. After that, flyers will have to shell about Rs 3,000 for a round trip.

Dec 23, 2017

Guess who's back in business! Here's your chance to fly for Re.1 as Air Deccan restarts operations on December 22

Air Deccan is set to make a grand re-entry with bases in Mumbai, Delhi, Kolkata and Shillong and will fly on smaller routes close to these locations. It will expand to other cities in the new year.

Dec 13, 2017

The extradition case of Vijay Mallya begins, India asks UK court to hand over the liquor baron

Over the next few days, the prosecution will have to prove that the criminal charges against Mallya are justified and that he should be extradited to India to face trial.

Dec 5, 2017

Vijay Mallya goes from roar to whimper; says he fears for his life in India

Mallya's extradition case will be further heard on December 4 to December 7 and from December 11 To December 14. Read on to know what the liquor baron said before his hearing.

Nov 20, 2017

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Paradise Papers: United Spirits' books had several loopholes; firm now transparent in disclosures, says Diageo

The British firm has clarified that USL has streamlined all the processes and works in tandem with lawful business practices.

Nov 7, 2017

Indian govt holds talks with UK administration on Vijay Mallya extradition

Kiren Rijiju, Minister of State for Home Affairs, led the Indian delegation, which discussed the issue in details with the UK delegation led by Minister of State for Immigration Brandon Lewis.

Nov 7, 2017

Paradise Papers: Files name 714 Indian citizens and firms; Appleby calls leak 'a serious criminal act'

The trove of 13.4 million files also names Colombian President Juan Manuel Santos, singers Bono and Madonna, Bollywood star Amitabh Bachchan, and numerous other global politicians.

Nov 6, 2017

'The Raymond Man' Gautam Singhania to represent India in FIA replacing Vijay Mallya

The Federation of Motor Sports Clubs of India (FMSCI) has elected Gautam Singhania to the post with seven votes for and just one vote against.

Oct 17, 2017

Vijay Mallya firms had business with company named in Panama Papers, UK probe finds

SFIO said in its report that an overseas subsidiary of United Breweries based in the British Virgin Islands, bought 1.67 crore shares of Kingfisher Airlines, nine days before it got merged with Deccan Aviation for Rs 50.02 crore.

Oct 16, 2017

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