Monday, April 15, 2024

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Kingfisher Airlines

Fugitive liquor baron Vijay Mallya given 4-month imprisonment, Rs 2000 fine in contempt case by Supreme Court

The Supreme Court has awarded a 4-moth jail sentence and imposed a fine of Rs 2000 on Indian fugitive and businessman Vijay Mallya in a 2017 contempt case.

Fugitive businessman Vijay Mallya faces eviction from his luxurious London home over unpaid loans

Mallya family trust owned Rose Capital Ventures, which is based out of British Virgin Islands, mortgaged his London property in 2012 to UBS for a 5 year loan of 20.4 million pounds. In 2017, the loan had expired and Mallya was not able to pay the outstanding dues on it.

Take all the money and close the cases: Vijay Mallya urges the Indian government

Vijay Mallya is charged of loan fraud and money laundering worth 9,000 crores.

Fugitive businessman Vijay Mallya arrives to watch the India-Australia World Cup cricket match in London

Vijay Mallya was asked about his extradition hearing while entering The Oval to watch the India-Australia match

Special Indian team to assist UK authorities in London in contesting Vijay Mallya’s next appeal against extradition

With this, India intends to narrow down all possible avenues of relief for the 63-year-old former Kingfisher Airlines boss.

Fugitive Vijay Mallya’s luxury private jet dismantled at Air India hangar

Trouble seems to be mounting for the fugitive liquor baron

Fugitive Vijay Mallya files for permission to appeal against his extradition orders in the UK

Mallya who is active on social media did not make any renewed comment on his appeal.

Deccan Aviation owner GR Gopinath in CBI’s radar for his alleged role in Mallya loan fraud case

Gopinath joined the board of Kingfisher Airlines after selling Air Deccan to Mallya in 2007

Vijay Mallya had no intention of repaying the loans taken by Kingfisher Airlines: ED investigation

According to ED, loans were channelled for the loss-making KAL through dummy companies via circuitous routes.

Fugitive Vijay Mallya to face fresh trouble as UK court orders bankruptcy proceedings against him

Vijay Mallya has been facing proceedings over fraud and money laundering charges amounting to an estimated Rs 9,000 crores

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