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India revokes Mallya's passport for $1 billion debt
India has revoked the passport of a flamboyant Indian businessman and Force India owner Vijay Mallya accused of fleeing to London in March while owing more than a billion dollars to Indian banks. External Affairs Ministry spokesman Vikas Swarup said the decision to revoke Vijay Mallya's passport was taken considering the evidence gathered by India's Enforcement Directorate, which has been investigating the tycoon's massive debts. The ministry was also consulting legal experts on seeking Mallya's deportation from the UK to face charges of money laundering and financial irregularities. The opposition Congress party has accused the government of letting Mallya flee India while being pursued...
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10y ago from GrandPrix247.com
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