News Details
The beginning of the end for Vijay Mallya?
Eccentric Indian entrepreneur Vijay Mallya is currently facing an arrest warrant issued by a Mumbai court. 60-year-old Mallya, whose Kingfisher Airlines folded in 2012, is believed to be living in London. India's Enforcement Directorate for financial crimes stated on Monday that the court had granted its request for a warrant to seek Mallya. He is to be questioned over a claim that a 120,000 ($135,000) loan from the IDBI bank was actually invested in properties overseas. Vijay Mallya's UB group, Kingfisher Airline's owners claimed the warrant was 'unjustified,' adding that it would give complete details in the coming days to account for foreign exchange remittances. Just last week India...
Full Story »
Full Story »
You May Also Be Interested In...
Non-bailable arrest warrant issued for Force India...
Non-bailable arrest warrant issued for Force India boss Vijay Mallya...
8y ago from ThisIsF1.com
Indian government suspends Mallya's passport
India's government has announced it had temporarily suspended the...
8y ago from GrandPrix247.com
Indian crime agency wants Mallya's passport be revoked
India's financial crimes agency revealed it has asked the government to...
8y ago from GrandPrix247.com
Troubled Mallya will be absent in China
Beleaguered businessman Vijay Mallya looks set to sit out yet another...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Alpine becomes Pramac's main partner in MotoGP
No description available...
21h ago from Motorsport.com
Marquez: It's “dangerous” to think Ducati will...
No description available...
23h ago from Motorsport.com
How Marquez's signing elevates Ducati's presence in...
No description available...
1d ago from Motorsport.com
The parallel challenges facing Ferrari and Ducati in...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Juncos Hollinger shows off new-look livery for 2025...
Juncos Hollinger Racing unveiled a new look for the 2025 NTT IndyCar...
5d ago from MotorsportWeek.c...
IndyCar takes over promotion of Nashville event
IndyCar’s Music City Grand Prix will be promoted internally by IndyCar...
4d ago from MotorsportWeek.c...
Scott McLaughlin on track to repeat Supercars success...
After spending the last four years moving up the ranks in the NTT IndyCar...
5d ago from MotorsportWeek.c...
Christian Lundgaard hails ‘pure racing’ aspect of...
Christian Lundgaard is beginning his fourth full season driving in the...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
13h ago from Motorsport.com
Rovanpera: Difficult WRC Monte Carlo opener “not a...
No description available...
21h ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Ogier claims record-extending 10th...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
The appeal + transfer window swims into focus
Morning all. There was no official word yesterday about whether Arsenal...
1h ago from Arseblog.com
Fabrizio Romano reveals Arsenal 'made a call' over...
Fabrizio Romano has revealed some exciting Arsenal transfer news as it...
38m ago from CaughtOffside.com
The reason Arsenal should be very concerned by...
Arsenal have long needed a striker who is a virtual guarantee of goals,...
1h ago from CaughtOffside.com
Arsenal ready to activate 58 million release clause to...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton ‘past his prime' as Ferrari F1 debut...
As he nears his Ferrari bow, Lewis Hamilton is... Read More »
58m ago from MotorsportWeek.com
Ferrari reveal race suits for the upcoming season
Following their first on-track day at Fiorano... Read More »
48m ago from F1Technical.net
One engine likely to dominate F1 in new era – Newey
Jan.28 A single engine manufacturer is likely to... Read More »
2h ago from OneStopStrategy.com
