Mallya arrest warrant issued

admin
By admin March 14, 2016 13:50

Mallya arrest warrant issued

As Vijay Mallya is accused of absconding to the UK to avoid facing a tribunal in India, which is seeking to gain access to the $40 million recently paid out to him to relinquish the chair of UB Group, a magistrate court in Hyderabad has issued a non-bailable warrant (NBW) against him for failing to appear in the court for a case against a Rs 50-lakh cheque default by Kingfisher Airlines to GMR Hyderabad International Airport.

Mallya is being pursued by a consortium of 17 banks led by the State Bank of India, to recover Rs 7,200 crore in loans.

Responding to widespread media coverage of cases against him, Mallya tweeted: “I am being hunted down by media in UK. Sadly they did not look in the obvious place. I will not speak to media so don’t waste your efforts.”

Mallya also tweeted: “I’m an international businessman. I travel to and from India frequently. I did not flee from India and neither am I an absconder. Rubbish.”

admin
By admin March 14, 2016 13:50