Om Namo Venkatesaya

Perfect Kick! Non-bailable warrant for Mallya

There is more trouble for Vijay Mallya, the king of good times. A special court in Mumbai has issued a non-bailable warrant against the liquor baron on charges that he had siphoned nearly Rs 900-crore worth loan to his Kingfisher Airlines and used it to purchase assets outside India.

Mallya has consistently refused to present himself before the court, which is hearing the cases pertaining to money laundering. Mallya's now defunct Kingfisher airliner owes close to Rs 9000 crore to various banks. The banks want Mallya to negotiate with them as to how he would pay back the loans. But, the liquor baron has only made offers through video-conferencing, which have been rejected by the banks.

Vijay Mallya's United Breweries has clarified that the loan amount was spent in a legitimate way and that there was no money laundering.

Flamboyant and ultimate showman Vijay Mallya is a Rajya Sabha member and has used his diplomatic passport to fly away to London. Last week, the Government had suspended the passport and efforts are on to deport him back on India.