The Rise and Fall of Vijay Mallya

In March 2016, Indian liquor baron Vijay Mallya (Mallya) fled to Britain after a consortium of 17 banks pulled the plug on him in a bid to retrieve nearly Rs.70 billion in unpaid loans. Non-bailable arrest warrants were issued against him by separate courts for money laundering and financial mismanagement. As of June 2016, Mallya did not return to India though the Indian government sought his deportation after revoking his passport. The UK government said it would not be able to deport Mallya under its laws and asked the Indian government to seek his extradition instead. However, Mallya clarified that he was willing to return to India and settle the loans, provided he was assured of a fair trial. He accused the Indian media of conducting a “witch hunt” against him...