A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, fugitive liquor baron Vijay Mallya lashed out at the PSUs for their “double standards” under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail[Read More…]
Tag: Vijay Mallya
Happy to see PSU banks bailing out Jet Airways: Vijay Mallya
New Delhi: Fugitive businessman Vijay Mallya on Tuesday said he was happy to see that public sector banks have bailed out Jet Airways, wishing the same was done for his now defunct Kingfisher Airlines. In a series of tweets, he also suggested that banks should take his money to help[Read More…]
Mumbai Special Court declares absconder liquor baron Vijay Mallya ‘fugitive’
Mumbai, In a significant victory for the investigating agencies, a Mumbai Special Court on Saturday declared absconder liquor baron Vijay Mallya a ‘fugitive’ under the Fugitive Economic Offenders Act, 2018. A Special Prevention of Money Laundering Act (PMLA) Court in Mumbai gave its verdict in a case filed by the[Read More…]
UK court orders Vijay Mallya’s extradition to India
A court in the United Kingdom orders Vijay Mallya’s extradition to India today to face charges of financial irregularities running into thousands of crores. The 62-year-old former boss of Kingfisher Airlines has been on bail since his arrest on an extradition warrant in April last year.
Vijay Mallya offers to repay 100% public money back
Fugitive liquor businessman and former Member of Parliament Vijay Mallya in a series of tweets on Wednesday said that he is “offering to pay 100%” of the public money back. Saying that while the matter of his extradition will take its own course, he “humbly requests the Banks and Government[Read More…]
Extradition blade hanging, Mallya offers to repay 100% bank money
New Delhi: Absconding liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back “100 per cent of the principal amount” as speculations over his extradition were raised after AgustaWestland middleman Christian Michel was brought here for interrogation. His move came[Read More…]
Who is chief architect of Mallya’s escape, Congress asks Modi
New Delhi, Sep 14 (IANS) The Congress on Friday accused Prime Minister Modi of maintaining “conspiratorial silence on fugitive businessman Vijay Mallya, demanding to know who the “chief architect and protector of his escape” was. Party spokesman Randeep Singh Surjewala demanded an independent probe into the episode and asked: “Who is[Read More…]
Rahul Gandhi demands Jaitley’s resignation over Mallya’s claim
Hours after fugitive businessman Vijay Mallya said he met Finance Minister Arun Jaitley before leaving the country, Congress President Rahul Gandhi on Wednesday demanded Jaitley’s resignation. Prime Minister Narendra Modi should order an “independent probe” into the matter, he said. “Given Vijay Mallya’s extremely serious allegations in London, the PM[Read More…]
Congress slams Jaitley after Mallya says he met him, demands response from government
New Delhi, Sep 12 (IANS) As fugitive businessman Vijay Mallya on Wednesday said he had met Finance Minister Arun Jaitley before leaving the country, the Congress took a dig at him dubbing him as “fiscal mismanagement blog minister” and demanded a detailed response and disclosure from the government and inquiry into[Read More…]
India Brings Fugitive Economic Offenders at par with Culpable Physical Offenders
The law is considered worthy if it evolves continually with the changing needs of the society. Last few years have seen a surge in the economic wrongdoers fleeing the country and taking refuge in the secure foreign settings. In the given circumstances, what Indian authorities could do was to pursue[Read More…]
Not afraid of being seen with an industrialist: Narendra Modi
Lucknow: Hitting back for the first time at critics who questioned his perceived friendly relations with corporates, Prime Minister Narendra Modi on Sunday said that unlike some people he was not afraid of publicly standing beside industrialists and business magnates because his intentions were noble. He said industrialists too contribute[Read More…]
Jual Oram advises Vijay Mallya’s path to tribals
Hyderabad: As per the Union Minister Jual Oram, the only way for SC’s and ST’s to fulfill their entrepreneurial dreams was by following the Vijay Mallya path. These remarks by the Union Minister came in while he was addressing a gathering at National Tribal Entrepreneurs Conclave 2018 in Hyderabad. Oram[Read More…]
BJP raising Vadra issue to divert attention from Nirav, Lalit, Mallya: Congress
New Delhi: The Congress on Wednesday said BJP was raising the Robert Vadra issue just to divert attention from the questions being raised against the Narendra Modi government over 4Ms — Nirav Modi, Lalit Modi, Vijay Mallya and Mehul Choksi. Days after the I-T Department served notice to Robert Vadra[Read More…]
Apex court demands Mallya’s presence to proceed in contempt case
The Supreme Court on Friday considered the Centre’s submission that proceedings to extradite businessman, Vijay Mallya, is going on in London and said the contempt case against him would proceed only when he is produced before it. A bench comprising Justices A K Goel and U U Lalit took note[Read More…]
Vijay Mallya’s extradition: Court grants bail till 4 December, next hearing on 6 July
The tycoon Vijay Mallya, who is wanted in India on loan defaults, has appeared before London’s Westminster Magistrate court on Tuesday, for his extradition case hearing. He claimed that he has “enough evidence” to plead his case. However, the court has granted bail until 4 December and has set next[Read More…]
London: Vijay Mallya’s extradition hearing today
The extradition hearing of wanted tycoon Vijay Mallya is scheduled on Tuesday in London’s Westminster court, who is out on bail on a warrant by India after being arrested in April by Scotland Yard. As per schedule, Britain’s Crown Prosecution Service (CPS) will be arguing on behalf of India at[Read More…]
Lalit Modi mocks Indian media
Those borrowing public money, must pay or land in jail: BJP
Crediting the government for Vijay Mallya’s three hours arrest in London, BJP spokesperson GVL Narsimha Rao on Wednesday claimed the PM Modi has that had sent out a message to those who borrow public money, must pay up or land up in jail. “The government under Prime Minister Narendra Modi[Read More…]
As slippery as a Mallya
Soon after making it to the headlines for being arrested in London, it took only three hours for businessman Vijay Mallya to bail himself out of custody. Mallya, who has left a number of Indian banks in worries over unpaid loans of about Rs 9,000 crore tied to his now[Read More…]
Vijay Mallya arrested in London
Indian business tycoon Vijay Mallya who is wanted in India for defaulting on loans worth Rs 9,000 crore related to Kingfisher Airlines (KFA) that was suspended in 2012, has been arrested by the Scotland Yard in London on Tuesday. He will be produced before the Westminster Magistrates’ Court. Mallya, who[Read More…]
Virat Kohli may miss start of IPL 10 due to shoulder injury
Royal Challengers Bangalore might have to start IPL 2017 without their captain Virat Kohli, as he battles against time to recover from the shoulder injury he picked up during the Australia Tests. The IPL starts on April 5, with Royal Challengers playing defending champions Sunrisers Hyderabad in the tournament opener.[Read More…]
Vijay Mallya offers one-time settlement to banks
Business tycoon Vijay Mallya, on Friday took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default. “Public-sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us?” he tweeted. Public[Read More…]
Why I am being targeted? Mallya asks SC
Business tycoon Vijay Mallya on Thursday asked Supreme Court “Why have I been made the poster boy for loan defaulters?” As his debts mount and his properties stay attached under the Prevention of Money Laundering Act, Mallya accused the judiciary of targetting him, of treating him worse than a terrorist[Read More…]
India hands over extradition request for Mallya to UK
Evading look-out notice, arms dealer may flee to London
Evading a look-out notice, Arms dealer Sanjay Bhandari, who was under the scanner of multiple investigating agencies, may have fled the country. According to a report in The New Indian Express, government sources suspect Bhandari might have reached London via Nepal. If verified, this could invite more embarrassment to the[Read More…]
Mallya’s Twitter account ‘hacked’, says he’s being blackmailed
Beleagured industrialist Vijay Mallya on Friday said that his Twitter account has been hacked and the outfit responsible for this was blackmailing him. A series of tweets appeared on Mallya’s Twitter account on Friday morning with the purported passwords of the various bank accounts of the owner of now defunct[Read More…]
No takers for Mallya’s luxury jet in third round of auctions
Unable to get the right price in the recently-held third auction of luxury personal jet of the businessman Vijay Mallya, the Service Tax Department is now planning to go for yet another round in the next couple of months, a senior department official said. The Service Tax Department is looking[Read More…]
More trouble! CBI moves extradition request for Vijay Mallya
In fresh trouble fro beleagured businessman Vijay Mallya, the CBI on Monday initiated an extradition request to bring back the former liquor baron from the United Kingdom through a Special Court in Mumbai. The investigative agency secured a non-bailable warrant against Mallya, following it with an extradition request from the[Read More…]
Esteban Ocon joins Force India for 2017 season
French driver Esteban Ocon will race for Force India in the 2017 Formula 1 season after agreeing a ‘multi-year deal’ with the team. A vacancy was created at the Vijay Mallya-backed team with Nico Hulkenberg making a switch to Renault. The 20-year-old, a junior Mercedes driver, made his Formula One[Read More…]
Vijay Mallya discloses India assets, has ₹16,440 cash in hand
Beleagured liquor baron Vijay Mallya has disclosed to the Supreme Court that he had Rs 16,440 as cash in hand as of March 31, 2016. His bank deposits in India totalled Rs 12.6 crore, which was under attachment by the Income Tax Department, it noted. Mallya also stated he had[Read More…]
