More trouble for Mallya
On Thursday, the Ministry of External Affairs wrote to the UK high commission requesting liquor tycoon Vijay Mallya’s deportation for investigation under the prevention of money laundering act.
Earlier this week, the Supreme Court allowed banks to access details of Mallya’s assets, despite his multiple requests of keeping his asset information private. Mallya left the country without clearing dues to the tune of Rs 9,000 crores and is rumoured to be living in the UK.
Other than disclosing his assets, the government has also revoked Mallya’s passport after he failed to appear before investigators over a probe into misuse of funds at Kingfisher Airlines. On Monday, Parliament committee also recommended that Vijay Mallya’s Rajya Sabha membership be cancelled in the wake of his recent actions.
A court has issued an arrest warrant for Mallya after he did not turn up for questioning at the Enforcement Directorate, the financial crimes agency seeking his extradition.
The agency’s probe relates to loans sanctioned by IDBI to Kingfisher Airlines, despite allegedly knowing about it’s financial troubles, and whether it was misused.