Vijay Mallya arrested in London; here is a timeline of liquor baron's fall from grace
The beleaguered liquor baron is likely to be presented before Westminster court in London
India's billionaire businessman and the King of Good times, Vijay Mallya, who fled to UK in March last year after failing to pay off dues worth thousands of crores to bank in Kingfisher Airlines case, was finally arrested in London (UK) today.
The beleaguered liquor baron is likely to be presented before Westminster court in London.
Mallya has been on the run after he failed to repay bank loans worth Rs 9,000 crore taken on behalf of the now defunct Kingfisher Airlines. Multiple courts in India have issued warrants against Mallya in various cases over the past one year.
Here is a timeline of Vijay Mallya's fall from grace
The money laundering case is being probed by the ED and the CBI has already filed a charge sheet against Vijay Mallya and others in a Mumbai court
Sachiin Joshi had bought Vijay Mallya's Kingfisher Villa for a price slightly higher than Rs 73 crore; he took possession of it on Monday