Saturday, August 06, 2016

Vijay Mallya gets his 4th non-bailable warrant but businessman unmoved

The judiciary is tightening its noose around Vijay Mallya after the businessman got his fourth non-bailable warrant on Saturday. Mallya, who is currently residing in the UK, left India on March 2. India has revoked the tycoon's passport and has termed him a willful defaulter.

On May 11, Britain told India that it cannot deport Mallya, who owes more than Rs 9,000 crore to a clutch of 17 banks, but could consider an extradition request for him. The extradition could happen under the 1993 treaty or any other necessary assistance under the Mutual Legal Assistance Treaty (MLAT) signed in 1992 between India and the UK.
06/08/16 Ashika Jain/Economic Times
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