Vijay Mallya’s rise and fall: The story of Vittal Mallya’s flamboyant entrepreneur son who became an extradition candidate
6 years, 1 month ago

Vijay Mallya’s rise and fall: The story of Vittal Mallya’s flamboyant entrepreneur son who became an extradition candidate

Firstpost  

Mallya could perhaps have avoided the ordeal had he chosen to stay back and fight the case. On a day when the Reserve Bank of India governor Urjit Patel sent shock waves to the power corridors in New Delhi issuing an 88-word resignation letter, news of a UK court order on Vijay Mallya’s extradition must have offered some relief to the Narendra Modi government. The UK’s Westminster Magistrates’ Court on Monday ordered the extradition of the fugitive liquor King, whose failed airline Kingfisher Airlines owes around Rs 10,000 crore to a clutch of banks, to face charges of loan default and other financial irregularities linked to alleged diversion of bank money. — Arun Jaitley December 10, 2018 Fall of Kingfisher Airlines There was a time when Vijay Mallya symbolised flamboyance in India’s aviation sector. By then, Kingfisher Airlines’ default, banks’ desperate move to Supreme Court and Mallya’s escape had become a hot issue in the media.

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History of this topic

‘India is a risky jurisdiction…,’ SMBC Aviation warns amid Go First crisis
1 year, 8 months ago

‘India is a risky jurisdiction…,’ SMBC Aviation warns amid Go First crisis

Live Mint  

SMBC Aviation Capital, the world's second-largest aircraft lessor, pointed out that National Company Law Tribunal's decision to block leasing firms from reclaiming Go First planes will create ripples in the markets and will also create a confidence crisis. Apart from SMBC, other aircraft leasing firms, such as Jackson Square Aviation and Bank of China Aviation, have also raised the alarm …

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'
1 year, 9 months ago

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'

News 18  

The Central Bureau of Investigation in its supplementary chargesheet filed in a Mumbai court has said that beleaguered businessman Vijay Mallya had enough funds with him to repay banks before he fled, but used that money to buy properties abroad instead. The CBI in its supplementary chargesheet said Vijay Mallya bought properties worth Rs 330 crore in England and France …

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday
2 years, 6 months ago

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday

Hindustan Times  

The Supreme Court on Monday will declare the punishment for fugitive liquor baron Vijay Mallya in a 2017 contempt case. Fugitive liquor baron Vijay Mallya In February, Solicitor General Tushar Mehta had told the Supreme Court that the banks had recovered a total of ₹18,000 crores from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi. Mallya is currently pursuing appeals …

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24
2 years, 11 months ago

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24

Hindustan Times  

The Supreme Court on Thursday gave one last opportunity to fugitive liquor baron Vijay Mallya to defend himself either personally or through a lawyer within two weeks, news agency ANI reported. Vijay Mallya is wanted in India over fraud and money laundering charges in relation to loans taken out by his now-defunct Kingfisher Airlines from state-owned Indian banks A top …

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money
3 years, 5 months ago

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money

News 18  

With reports of IDBI Bank fully recovering its dues from now-defunct Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money. His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the State Bank of India to …

SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm
4 years, 2 months ago

SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm

Live Mint  

New Delhi: The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices U U Lalit, Vineet Saran and S Ravindra Bhat refused to …

SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm
4 years, 2 months ago

SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm

News 18  

The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices UU Lalit, Vineet Saran and S Ravindra Bhat refused to entertain the plea …

Indian government tells the UK not to offer asylum to Vijay Mallya
4 years, 7 months ago

Indian government tells the UK not to offer asylum to Vijay Mallya

Op India  

The Indian government has requested the government of the United Kingdom to refrain from giving asylum to fugitive liquor Barron Vijay Mallya. The spokesperson of Ministry of External Affairs, Anurag Srivastava while briefing the media through video conference has informed that Indian authorities have been in touch with UK authorities for the earliest extradition of Vijay Mallya. We have also …

U.K. High Court rejects Vijay Mallya’s plea for permission to move Supreme Court
4 years, 8 months ago

U.K. High Court rejects Vijay Mallya’s plea for permission to move Supreme Court

The Hindu  

The UK High Court on Thursday rejected a plea of businessman Vijay Mallya for permission to move the Supreme Court against the dismissal of his appeal challenging the lower court’s approval of his extradition to India in the IDBI Bank fraud case. “The High Court has dismissed Mr. Mallya's request to appeal in the Supreme Court. Following a hearing in …

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues
4 years, 9 months ago

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues

The Hindu  

Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated “offer to repay 100%” of the amount borrowed by now defunct Kingfisher Airlines, in this time of coronavirus pandemic. Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, also said all his companies have …

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today
4 years, 11 months ago

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today

Firstpost  

Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London for his appeal against being extradited to India, during which the prosecution highlighted overwhelming evidence of dishonesty on his part London: Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London on Wednesday for day two of his High Court appeal against being extradited …

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures
5 years, 5 months ago

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures

Firstpost  

London: Embattled liquor tycoon Vijay Mallya, whose social media interventions against the Indian government are a regular occurrence, took to Twitter once again to repeat his 100 percent loan payback offer to the public sector banks in India. The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation fraud and money laundering allegations arising out of the debt …

Vijay Mallya moves Supreme Court seeking stay on confiscation of his properties by ED in loan default case
5 years, 5 months ago

Vijay Mallya moves Supreme Court seeking stay on confiscation of his properties by ED in loan default case

Firstpost  

A consortium of banks led by the State Bank of India had in 2016 filed a petition in the Supreme Court against Vijay Mallya for his failure to repay the loan amount of more than Rs 8000 crore. New Delhi: Fugitive businessman Vijay Mallya on Saturday moved the Supreme Court seeking a stay on the confiscation of properties owned by …

Naresh Goyal: The New King of Bad Times
5 years, 8 months ago

Naresh Goyal: The New King of Bad Times

India Today  

A barrage of emotional messages flooded Twitter on Thursday as Jet Airways, India's most popular full-service carrier, temporarily grounded operations. Among those messages was one by high-flying businessman Vijay Mallya who tweeted his "sympathies" to Naresh Goyal, the founder of Jet Airways. For Vijay Mallya, who founded his own airline years after Jet began its aviation journey, Naresh Goyal was …

Vijay Mallya laments ‘airline karma’ in message for cash-strapped Jet Airways
5 years, 8 months ago

Vijay Mallya laments ‘airline karma’ in message for cash-strapped Jet Airways

The Hindu  

Embattled liquor tycoon Vijay Mallya on Wednesday took to social media once again, this time to express his solidarity with Jet Airways founder Naresh Goyal and repeat his own offer to repay all the money he owes to India’s public sector banks. The 63-year-old, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged …

Jet Airways crisis latest news Updates: Vijay Mallya sympathises with Jet Airways, accuses govt of ‘discriminating’ between private, public airlines | India News – India TV
5 years, 8 months ago

Jet Airways crisis latest news Updates: Vijay Mallya sympathises with Jet Airways, accuses govt of ‘discriminating’ between private, public airlines | India News – India TV

India TV News  

Jet Airways crisis latest news update: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. "Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on …

Mallya expresses sympathy with Goyal, slams Centre
5 years, 8 months ago

Mallya expresses sympathy with Goyal, slams Centre

The Quint  

New Delhi, April 17 Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. "Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink …

Beer king Vijay Mallya may have to curb his $24,000-a-week life
5 years, 9 months ago

Beer king Vijay Mallya may have to curb his $24,000-a-week life

Hindustan Times  

Vijay Mallya, the ex-billionaire known as the “king of good times” in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors. Mallya’s lawyers told State Bank of India, which is among lenders owed 1.142 billion pounds by his defunct Kingfisher Airlines, that their client is willing to cut his spending to …

Damned if you do, damned if you don't: Vijay Mallya lashes out at banks
5 years, 9 months ago

Damned if you do, damned if you don't: Vijay Mallya lashes out at banks

India Today  

Soon after over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Limited were sold for over Rs 1,000 crore on Wednesday, he attacked PSU banks on Twitter. Mallya said, "So much so for branding me a thief who stole PSU Bank money and ran away. A few days ago, when PSU banks came to airline …

Vijay Mallya seeks to use Jet Airways crisis as safety valve, urges banks to take his money to save beleaguered airline
5 years, 9 months ago

Vijay Mallya seeks to use Jet Airways crisis as safety valve, urges banks to take his money to save beleaguered airline

Firstpost  

Vijay Mallya questioned why public sector banks pitched in to save Jet Airways but let his company, Kingfisher Airlines, fail ruthlessly After news was out about public sector banks bailout plan to rescue cash-ridden Jet Airlines on Monday, businessman Vijay Mallya urged Indian banks to take his money and save cash-strapped Jet Airways. In a series of tweets, he asked …

Take my money, save Jet Airways: Vijay Mallya tells banks, slams Modi govt
5 years, 9 months ago

Take my money, save Jet Airways: Vijay Mallya tells banks, slams Modi govt

India Today  

Day after the government announced that banks will pump Rs 1,500 crore to save Jet Airways from crumbling down, Vijay Mallya, owner of the now defunct Kingfisher Airlines, has hit out at the Modi government for not doing anything for him. Vijay Mallya March 26, 2019 BJP spokesman eloquently read out my letters to PM Manmohan Singh and alleged that …

Fugitive Vijay Mallya’s luxury private jet dismantled at Air India hangar
5 years, 10 months ago

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

Op India  

Trouble seems to be increasing for fugitive liquor baron, Vijay Mallya as his private jet, Airbus A 319, which was auctioned to Florida-based Aviation Management Sales, which won the bid for the aircraft for Rs 34 crore in June last year, is being dismantled at the Air India hangar for the past few weeks as making it fly-worthy had become …

Great day for India, no one who cheats India will go scot-free, says Arun Jaitley on Vijay Mallya's extradition order
6 years, 1 month ago

Great day for India, no one who cheats India will go scot-free, says Arun Jaitley on Vijay Mallya's extradition order

Firstpost  

Finance Minister Arun Jaitley on Monday said that the alleged offender, who benefited during the UPA rule, is being brought to the book by the NDA government. New Delhi: Hailing the UK court order on Vijay Mallya’s extradition, Finance Minister Arun Jaitley on Monday said that the alleged offender, who benefited during the UPA rule, is being brought to the …

Vijay Mallya Extradition Verdict: What Can We Expect on 10 Dec?
6 years, 1 month ago

Vijay Mallya Extradition Verdict: What Can We Expect on 10 Dec?

The Quint  

THE CASE AGAINST MALLYA The CBI presented evidence to the UK government that Mallya and other Kingfisher employees conspired with IDBI to get loans for Kingfisher airlines by fraudulent means. This isn’t just about not paying back the loans – that would not attract criminal liability for Mallya since the loans were in the company’s name – which would not …

Vijay Mallya offers to return 100% of public money
6 years, 1 month ago

Vijay Mallya offers to return 100% of public money

The Hindu  

Indian businessman Vijay Mallya has made another public intervention to persuade Indian authorities to accept his settlement before the Karnataka High Court, ahead of next week when a judge at Westminster Magistrate’s Court is due to deliver her verdict on India’s attempt to extradite him from the UK. In a series of tweets on Wednesday morning, Mr. Mallya, who is …

‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt
6 years, 1 month ago

‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt

Hindustan Times  

Liquor baron Vijay Mallya, who is being investigated for fraud and money-laundering, on Wednesday “humbly requested” various banks to take back all the money he borrowed to keep his now-defunct Kingfisher Airlines afloat as he slammed the Indian media for repeatedly calling him a defaulter. Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd. “I see the quick media narrative …

CBI likely to file chargesheet against Vijay Mallya in a month, bank officials also to be named as accused
6 years, 3 months ago

CBI likely to file chargesheet against Vijay Mallya in a month, bank officials also to be named as accused

Firstpost  

CBI has already filed a charge sheet against Mallya in 2017 in connection with a separate case related to Rs 900 crore pending loan given by IDBI bank in which senior officials of the bank were allegedly involved New Delhi: Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya’s Kingfisher Airlines may be named …

SBI denies laxity in dealing with Vijay Mallya case
6 years, 4 months ago

SBI denies laxity in dealing with Vijay Mallya case

Live Mint  

New Delhi: India’s biggest lender the State Bank of India said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. The comments by the SBI came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016, advised …

No laxity in dealing with loan default by Vijay Mallya’s Kingfisher Airlines, clarifies SBI
6 years, 4 months ago

No laxity in dealing with loan default by Vijay Mallya’s Kingfisher Airlines, clarifies SBI

India TV News  

The State Bank of India on Friday clarified that there was no laxity on its part in dealing with loan default by fugitive liquor baron Vijay Mallya’s Kingfisher Airlines. The clarification from India’s biggest lender came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court …

Rahul Gandhi travelled free in Kingfisher Airlines, Gandhis helped Mallya with 'sweet deals: BJP's stinging attack on Congress
6 years, 4 months ago

Rahul Gandhi travelled free in Kingfisher Airlines, Gandhis helped Mallya with 'sweet deals: BJP's stinging attack on Congress

India TV News  

The Bharatiya Janata Party on Thursday launched a blistering attack on the Congress over allegations levelled by fugitive former liquor baron Vijay Mallya against Finance Minister Arun Jaitley. Responding to Congress president Rahul Gandhi's demand for a probe over Mallya's claims, BJP spokesperson Sambit Patra said those people who are out on bail should not be questioning people who are …

Vijay Mallya ‘willing’ to return to India as ED moves to seize property
6 years, 5 months ago

Vijay Mallya ‘willing’ to return to India as ED moves to seize property

Live Mint  

New Delhi: In what could potentially spell victory for India’s investigating agencies, liquor baron Vijay Mallya has informed the Enforcement Directorate of his “willingness to return,” a person familiar with the development confirmed. Mallya’s change of heart, this person confirmed, happened after the agency had moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance. …

Govt must not refuse the offer Mallya is making
6 years, 6 months ago

Govt must not refuse the offer Mallya is making

Deccan Chronicle  

The television channels are once again going to town over Vijay Mallya’s statement about a letter he wrote to Prime Minister Narendra Modi in April 2016, offering to settle his debts to the banks, vendors and employees if he is allowed to do so in a proper and orderly manner. The Rs 9,000 crores he is now found owing to …

Vijay Mallya makes his letter written to PM Modi public, saying he has become ‘poster boy’ of loan default
6 years, 6 months ago

Vijay Mallya makes his letter written to PM Modi public, saying he has become ‘poster boy’ of loan default

Op India  

Liquor baron Vijay Mallya today released his letter written to Prime Minister Narendra Modi and said he was “making every effort” to settle his dues to banks but he had been made the “Poster Boy” of bank default and a lightning rod for public anger. Mallya said he had written letters to both the PM and the finance minister on …

Vijay Mallya seeks to sell $2 billion in assets to settle bank dues
6 years, 6 months ago

Vijay Mallya seeks to sell $2 billion in assets to settle bank dues

Live Mint  

Mumbai: Businessman Vijay Mallya, who is being pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines Ltd, said on Tuesday he was trying to sell assets worth about ₹ 13,900 crore to repay creditors. Mallya said in a statement he and his United Breweries Holdings Ltd filed an application on 22 June before a regional high …

Vijay Mallya seeks to sell assets worth ₹13,900 crore to settle dues
6 years, 6 months ago

Vijay Mallya seeks to sell assets worth ₹13,900 crore to settle dues

Hindustan Times  

Fugitive Indian businessman Vijay Mallya has sought court approvals to sell some frozen assets worth about 13,900 crores, making a fresh attempt to settle bank dues owed by his now-defunct Kingfisher Airlines Ltd. Mallya, 62, is fighting numerous lawsuits in the UK and India over fraud and money-laundering allegations after Indian lenders. Mallya and his United Breweries Holdings Ltd filed …

Vijay Mallya says wrote to PM in April 2016, is ‘tired of govt’s relentless pursuit’ of him
6 years, 6 months ago

Vijay Mallya says wrote to PM in April 2016, is ‘tired of govt’s relentless pursuit’ of him

Hindustan Times  

Controversial businessman Vijay Mallya on Tuesday insisted that his inability to repay loans was because of “a genuine business failure”, saying he was tired of the “relentless pursuit” by India as he released a letter to Prime Minister Narendra Modi seeking fair play and justice. Mallya, who has often declared to London-based journalists his willingness to settle with the banks, …

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