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Who is Vijay Mallya

Vijay Mallya

About Vijay Mallya

Who is Vijay Mallya

Vijay Mallya is an Indian businessman at present fighting extradition from the UK. Mallya, who owes 17 Indian banks an estimated Rs 9,000 crore, is accused of fraud and money laundering in the country.
 
Also a former Rajya Sabha member, Mallya is the ex-chairman of United Spirits. He currently continues to serve as chairman of United Breweries Group. Previously, he also served as chairman of Sanofi India and Bayer CropScience, among other companies.
 
Of all his businesses, Vijay Mallya's name is most closely associated with now defunt Kingfisher Airlines. The airline company, launched in 2005, proved to be his undoing, as its
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Latest Updates on Vijay Mallya

Ex- IDBI GM conspired with Mallya over loan to Kingfisher Airlines: CBI

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said

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Updated On : 23 Mar 2023 | 12:36 PM IST

Mallya bought properties in England, France while airline in crisis: CBI

Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time

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Updated On : 22 Mar 2023 | 11:39 PM IST

SC dismisses Mallya's plea against bid to declare him fugitive offender

The Supreme Court dismissed a plea by beleaguered businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties

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Updated On : 03 Mar 2023 | 11:19 PM IST

LIVE: Delhi likely to be landfill free by 2024, says CM Arvind Kejriwal

Catch all the latest updates from across the globe here

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Updated On : 03 Mar 2023 | 9:43 PM IST

Can't establish contact with Vijay Mallya, his lawyer tells Supreme Court

The top court had said Mallya, 66, never showed any remorse nor tendered any apology for his conduct and adequate punishment must be imposed to maintain the majesty of the law

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Updated On : 03 Nov 2022 | 8:19 PM IST

'Not receiving any instructions from Vijay Mallya', lawyer tells SC

Fugitive businessman Vijay Mallya's lawyer, facing extradition, told the Supreme Court on Thursday that he has been incommunicado for a long time and requested the court to discharge him

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Updated On : 03 Nov 2022 | 2:17 PM IST

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

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Updated On : 12 Aug 2022 | 12:35 PM IST

London or Londongrad? What makes the UK a hub for global 'dirty money'

According to reports, the 'questionable funds' in the UK amount to over $125 billion every year. What makes London a hub for money laundering? Find out here

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Updated On : 08 Aug 2022 | 4:59 PM IST

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report

These defaulters have the capacity to repay their loans but choose not to do so, says a report

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Updated On : 20 Jul 2022 | 1:12 PM IST

'I am naturally disappointed,' says Vijay Mallya on Supreme Court verdict

The UB Group chair is accused in a bank loan default case estimated at over Rs 9,000 crore involving his now-defunct Kingfisher Airlines.

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Updated On : 11 Jul 2022 | 10:52 PM IST

SC verdict in Mallya case will enhance recovery prospects: Bankers

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment

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Updated On : 12 Jul 2022 | 1:01 AM IST

Ten years on, ex-Kingfisher Airline employees wait for their dues

The Supreme Court has awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case

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Updated On : 12 Jul 2022 | 12:58 AM IST

Mallya's $40-million transfer to family members that resulted in a $25 fine

Supreme Court penalises Vijay Mallya for disobeying its orders related to 2016 petition filed by SBI-led lenders' consortium

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Updated On : 12 Jul 2022 | 1:03 AM IST

List of fugitive economic offenders in India does not end with Vijay Mallya

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

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Updated On : 11 Jul 2022 | 11:57 AM IST

SC sentences Vijay Mallya to four months jail, asks him to deposit $40 mn

Fugitive businessman's properties will be launched if he fails to make the payment

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Updated On : 12 Jul 2022 | 12:54 AM IST

Latest news LIVE: Palaniswami elected as AIADMK's interim General Secretary

Latest Live news updates: Covid cases in India, Sri Lankan crisis, Gujarat rains, Russia-Ukraine war, and more

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Updated On : 11 Jul 2022 | 10:08 AM IST

SC to pronounce verdict against Vijay Mallya in contempt case today

Mallya, who is in the United Kingdom since March 2016, was found guilty of contempt of court for transferring $40 million to his children, in a case filed by the State Bank of India

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Updated On : 11 Jul 2022 | 7:21 AM IST

Supreme Court to pronounce verdict against Vijay Mallya on July 11

The Supreme Court in February granted the last opportunity of two weeks to Mallya to personally present or through counsel in the contempt case against him

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Updated On : 09 Jul 2022 | 10:11 PM IST

Vijay Mallya pursues attempts to overturn bankruptcy order in UK court

At a case management hearing at the Chancery Division of the High Court in London on Monday, Justice Tom Leech concluded that a set of interlinked hearings in the matter would be heard together.

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Updated On : 28 Jun 2022 | 11:35 PM IST

United Spirits to sell 32 liquor brands to Ravi Deol's Inbrew for Rs 820 cr

USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

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Updated On : 27 May 2022 | 11:58 PM IST