vijay mallya

Time and again, the delegations from the UK that have come to India have faced Indian pressure to extradite Mallya and Nirav Modi, the sources revealed.

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.

Govt tells Supreme Court that ₹18,000 crore have been recovered from Vijay Mallya, Nirav Modi, Mehul Choksi

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.

FM informed that banks have collected roughly Rs 13,109 crore from asset sales of defaulters such as Nirav Modi, Mehul Choksi, and Vijay Mallya

London court declares fugitive Vijay Mallya bankrupt.

The ED had confiscated the assets of the fugitives Vijay Mallya, Nirav Modi and Mehul Choksi under the stringent Prevention of Money Laundering Act (PMLA).

Vijay Mallya has applied for asylum in the UK in order to avoid extradition to India and face serious charges of fraud and money laundering.

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

After the UK High Court's verdict, the case will now go to Home Secretary Preeti Patel for a final decision on this regard.