Heena Sharma Blog

Fugitive liquor baron Vijay Mallya on Wednesday urged Prime Minister Narendra Modi in a series of tweets to instruct banks to accept the money he had offered to settle all dues. His comments came after the PM, while replying to the motion of thanks on the President's address in the Lok Sabha last week, said that those who had fled the country were crying foul on Twitter. "The Prime Minister's last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative, I can only infer that reference is to me," Mallya tweeted. He reiterated that he had offered to repay the full amount but his payback request was refused. Read More He urged Modi to instruct banks to accept his offer so that he could at least claim credit for funds lent to Kingfisher. Article Source -> Business Standard

The 62-year-old former Kingfisher Airlines boss is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 90 bn Current Affairs News : Embattled liquor tycoon Vijay Mallya , wanted in India on fraud charges, returned to Westminster Magistrates' Court in London on Tuesday for closing arguments in his high-profile extradition trial. The 62-year-old former Kingfisher Airlines boss, who has been on bail on an extradition warrant since his arrest in April last year, is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 90 bn. He arrived at the court along with his son Siddharth. "At the end of the day, the courts will decide," Mallya tells reporters outside the court. At the last hearing in the case on April 27, the Central Bureau of Investigation (CBI) had received a boost in the case as Judge Arbuthnot confirmed that the bulk of the evidence submitted by the Indian aut...

Fugitive liquor baron Vijay Mallya is wanted in India for his Kingfisher Airlines’ default on nearly Rs 90 billion worth of loans, among other cases Current Affairs   :  In a major blow to business tycoon Vijay Mallya, a UK high court on Tuesday ruled in favour of Indian banks seeking to collect more than $1.55 billion from him. The court refused to overturn an Indian court’s worldwide order for freezing of Mallya’s assets. Mallya and his now defunct Kingfisher Airlines   are embroiled in several court cases ranging from money laundering to tax evasion and loan defaults. The tycoon has been on an self-imposed exile in the UK since he left India on March 2, 2016. What the judgment implies The UK high court judgment will enable banks to enforce an earlier judgment of an Indian court against Mallya’s assets in England and Wales. The worldwide freezing order prevents Mallya from “removing any assets from England and Wales up to that value or to in any way dispos...