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Brief by Shorts91 Newsdesk / 02:57am on 02 Jul 2024,Tuesday India
Fugitive businessman Vijay Mallya faces new legal trouble as a Mumbai special court issues a non-bailable warrant against him in a ₹180-crore loan default case involving Indian Overseas Bank. The court cites Mallya's fugitive status and previous non-bailable warrants, deeming it a "fit case" to secure his presence. The CBI alleges Mallya wilfully defaulted on payments, causing a wrongful loss to the government-run bank. Mallya, already declared a fugitive economic offender, is currently in London, with the Indian government seeking his extradition. This warrant relates to a cheating case involving the diversion of loans to Kingfisher Airlines between 2007 and 2012.
