India wants to bring back Vijay Mallya over US$1.4 bil in loans Kingfisher took.
India wants to bring back Mallya, 64, whose business interests have ranged from aviation to liquor, over US$1.4 billion in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying. Mallya, the co-owner of the Formula One motor racing team Force India which went into administration in 2018, was nicknamed “the King of Good Times” after the slogan of one of his premium beers and his hard-partying lifestyle.
Mallya’s lawyer, Clare Montgomery, had argued that the 2018 extradition ruling by Judge Emma Arbuthnot had “multiple errors” because she did not take into account all the evidence about the financial status of Kingfisher Airlines.
Source: Loan News Today (loannewstoday.net)
Will he be walking back or flying back ? Little real political will matter long due
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