Kingfisher

FERA case: Delhi court declares Vijay Mallya 'proclaimed absconder'

FERA case: Delhi court declares Vijay Mallya 'proclaimed absconder'

According to the ED, Mallya allegedly paid $200,000 to a British firm for displaying the Kingfisher logo in the Formula One World Championships in London and some European countries in 1996, 1997 and 1998.

Jan 04, 2018, 16:26 PM IST
Vijay Mallya returns to UK court for day three of extradition trial

Vijay Mallya returns to UK court for day three of extradition trial

Vijay Mallya today returned to a UK court here for the third day of his extradition trial, which will determine whether the embattled liquor tycoon can be forced to return to India to face charges of fraud and money laundering allegedly amounting to around Rs 9,000 crores.

Dec 07, 2017, 18:08 PM IST
Very strong case of fraud against Vijay Mallya: Govt sources

Very strong case of fraud against Vijay Mallya: Govt sources

There is prima facie a very strong case of fraud against liquor baron Vijay Mallya, senior government sources said amid reports that his lawyers told a UK court that India had no evidence against him.

Dec 07, 2017, 10:08 AM IST
Don't want Air India to go the Kingfisher way: Civil aviation minister

Don't want Air India to go the Kingfisher way: Civil aviation minister

Civil aviation minister Ashok Gajapati Raju today said the government wants to make Air India vibrant for which plans on an 'alternative mechanism' was being worked out.

Dec 05, 2017, 15:27 PM IST

The 'fugitive' Indian tycoon

Strange, isn't it? There are selected number of people in our country who enjoy wealth like an average class enjoys food at home.

Oct 10, 2017, 15:18 PM IST
What is the case against Vijay Mallya, Kingfisher airlines?

What is the case against Vijay Mallya, Kingfisher airlines?

Once called the 'King of Good Times' for his extravagant lifestyle, Mallya has been embroiled in financial scandals since 2012.

Oct 03, 2017, 18:02 PM IST
Diageo asks Mallya to return USD 40 million, seeks compensation

Diageo asks Mallya to return USD 40 million, seeks compensation

Diageo's agreement with Mallya also provided for the five-year global non-compete, non-interference, non- solicitation and standstill commitments.

Jul 27, 2017, 20:14 PM IST
Contempt of court case:  Vijay Mallya fails to appear in Supreme Court

Contempt of court case: Vijay Mallya fails to appear in Supreme Court

Embattled businessman Vijay Mallya failed to appear in Supreme Court in a contempt case filed by a consortium of banks led by SBI. The apex court, which had held Mallya guilty of contempt, fixed the matter for hearing on July 14.

Jul 10, 2017, 13:19 PM IST
Enforcement Directorate takes possession of Vijay Mallya's Rs 100 crore farm house

Enforcement Directorate takes possession of Vijay Mallya's Rs 100 crore farm house

Enforcement Directorate on Thursday took possession of Rs 100 crore farm house of Vijay Mallya in Alibag of Maharashtra in connection with its money laundering probe case.

May 18, 2017, 17:11 PM IST
Enforcement Directorate takes possession of Rs 100 crore farm house of Vijay Mallya

Enforcement Directorate takes possession of Rs 100 crore farm house of Vijay Mallya

Enforcement Directorate on Thursday took possession of Rs 100 crore farm house of Vijay Mallya in Alibag of Maharashtra in connection with its money laundering probe case.

May 18, 2017, 17:09 PM IST
'Viajay Mallya's extradition to take 6 to 9 months more'

'Viajay Mallya's extradition to take 6 to 9 months more'

The extradition of liquor baron Vijay Mallya, who owes a consortium of Indian banks over Rs 8,000 crore in unpaid loans, is likely to take six to nine months more, a CBI official said on Wednesday.

May 10, 2017, 19:53 PM IST
As Mallya's custody sought, India's extradition success rate is 36%

As Mallya's custody sought, India's extradition success rate is 36%

Mallya was arrested by the Scotland Yard -- and released on bail -- on April 18, 2017, in connection with an extradition request filed by India on February 8, 2017.

Apr 25, 2017, 15:51 PM IST
Vijay Mallya laundered money to companies in UK: Enforcement Directorate

Vijay Mallya laundered money to companies in UK: Enforcement Directorate

Enforcement Directorate (ED) is in possession of documents which claim that the beleaguered liquor baron Vijay Mallya laundered money from banks in India to 'British companies' situated in the UK.

Apr 22, 2017, 10:23 AM IST
Sid Mallya says it’s not easy to read things being written about dad

Sid Mallya says it’s not easy to read things being written about dad

Mallya senior is wanted in India for defaulting on over Rs 8,000 crore in bank loans. He was arrested in London on Tuesday, and got bail within hours. 

Apr 21, 2017, 08:52 AM IST
Vijay Mallya arrest: Legal process for extradition underway, says government

Vijay Mallya arrest: Legal process for extradition underway, says government

After liquor baron Vijay Mallya, wanted in India for defaulting on bank loans of over Rs 8,000 crore, was arrested and granted bail in London on Tuesday, the Indian government said the legal process for his extradition is underway in Britain.

Apr 18, 2017, 19:37 PM IST
Vijay Mallya plays down his arrest, labels it 'usual Indian media hype'

Vijay Mallya plays down his arrest, labels it 'usual Indian media hype'

In his first reaction after getting bail, Vijay Mallya played down his arrest saying that it's usual Indian media hype. He also said that extradition hearing in Court has started today as expected.

Apr 18, 2017, 17:10 PM IST
Less than 2% loan outstanding against Vijay Mallya recovered so far

Less than 2% loan outstanding against Vijay Mallya recovered so far

Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed on Tuesday.

Mar 21, 2017, 17:20 PM IST
Lenders to auction two Kingfisher Airlines properties on March 6

Lenders to auction two Kingfisher Airlines properties on March 6

Kingfisher Airlines' two prime assets, Kingfisher House in the city and Kingfisher Villa in Goa, will be auctioned on Monday by banks to recover their loans to the long-defunct airline started by defaulter businessman Vijay Mallya.

Mar 05, 2017, 12:41 PM IST
SC to hear banks' plea against transfer of  $40 million by Vijay Mallya

SC to hear banks' plea against transfer of $40 million by Vijay Mallya

The Supreme Court on said it would hear next week the plea of a consortium of banks that USD 40 million, which liquor baron Vijay Mallya had allegedly transferred to his children, needed to be brought back.

Mar 03, 2017, 17:58 PM IST
Loan to Vijay Mallya: Congress defends ex-PM Manmohan Singh, asks Modi govt to provide evidence

Loan to Vijay Mallya: Congress defends ex-PM Manmohan Singh, asks Modi govt to provide evidence

Congress came out openly in support of former Prime Minister Manmohan Singh following allegations that UPA regime felicitated loans to Vijay Mallya's now defunct Kingfisher Airlines.

Jan 31, 2017, 10:31 AM IST