Latest News

SUMMER COOLERS AT CAFECCINO What's New Life Q COURT NOW AT STAR MALL, BARASAT What's New Life যাদবপুরে ত্রিমুখী লড়াই হওয়া সত্ত্বেও কার্যত প্রতিদ্বন্দ্বিতা ছাড়াই জয় মিমির What's New Life পশ্চিমবঙ্গের ১৮ আসনে বিজেপি'র জয় What's New Life বিতর্ককে পাশ কাটিয়ে জয় গম্ভীরের What's New Life ট্যুইটার হ্যান্ডেল থেকে চৌকিদার শব্দ সরিয়ে নিলেন মোদী What's New Life ২৯ মে প্রধানমন্ত্রী হিসেবে আবারও শপথ নেবেন নরেন্দ্র মোদী What's New Life ফল প্রকাশের পর আর সংবাদ সম্মেলন করলেন না মমতা What's New Life নেহেরু-ইন্দিরার পর ইতিহাস গড়লেন নরেন্দ্র মোদী What's New Life পদত্যাগের পথে রাহুল গান্ধী What's New Life
Mallya loses UK lawsuit over $1.55 billion

Beleaguered businessman Vijay Mallya on Tuesday received a major setback as he lost a UK lawsuit over 1.55 billion dollars filed by Indian banks, reported Bloomberg. It indicated that Mallya, who still faces charges of fraud, could find himself in a pool of trouble as India continues to push hard for his extradition. Apart from that, Mallya also received another setback today as a Delhi court issued directions to attach his properties.

The report suggested that Judge Andrew Henshaw told that the lenders, including IDBI Bank Ltd, could base their argument on an earlier Indian court ruling where Mallya was charged with wilfully defaulting at least $1.4 billion in debt in relation to the now-defunct Kingfisher Airlines. It may be noted that the judge even refused to nullify an order freezing Mallya’s worldwide assets.

Apart from the case related to Mallya’s extradition, he has been fighting several other lawsuits in both UK and in India. After he fled India in 2016, Mallya was once arrested in London in relation to India’s extradition request and is still fighting to evade an extradition to India where he will face trial over the financial crimes.

The news of the hearing did not fetch any comments from Mallya’s lawyers, and the judgment passed by Hens haw has made things complicated for his attorneys. An earlier order to freeze assets had forced the former ‘King of good times’ to live on a fixed weekly allowance not exceeding 5,000 British pounds, which was later increased to £20,000 on a weekly basis.

Earlier, the beleaguered liquor baron had fled India after defrauding a consortium of 17 banks to the tune of Rs 9,100 crore or $1.4 billion. Since he has left, Indian authorities have attempted several times to bring him back to the country but without any positive outcome.

On the other hand, Mallya maintains that an unfair “witch-hunt’ was launched against him and that the charges against him were based on “biased investigations”.


Leave a Reply

Your email address will not be published. Required fields are marked *

Vinci Da The Curse Of The Weeping Woman Dumbo Jyeshthoputro Avengers: Endgame Student Of The Year 2 Blank Chhota Bheem: Kung Fu Dhamaka Konttho Pokemon Detective Pikachu
What's New Life