Arrest warrants issued against fugitive Indian liquor baron
Source: Xinhua   2016-11-04 22:03:44

NEW DELHI, Nov. 4 (Xinhua) -- Two Indian courts Friday issued two separate non-bailable warrants against indebted liquor baron Vijay Mallya, who is currently in Britain.

While the first warrant was issued by a court in Delhi in a case of alleged violation of foreign exchange rules after Mallya failed to appear before the court, the second one was issued in a 2012 cheque-bounce case.

The Indian External Affairs Ministry has been asked to execute the warrants.

India had revoked Mallya passport in May and asked Britain to deport him, a request denied by London on the grounds that he had entered that country on a valid passport.

This is not then first time that arrest warrants were issued against the business tycoon, who is said to owe Indian banks 1 billion U.S. dollars. At least two warrants had been earlier issued by courts in India -- one in April this year and the other in August.

The flamboyant businessman made his fortune selling beer under the Kingfisher brand and branched out into aviation, Formula One racing, and Indian cricket. His debts were incurred by the failure of his airline and he is being pursued by a group of mainly state-run banks who lent him money.

However, Mallya denied any wrongdoing and even took to social media in March to claim he was a victim of a "media witch hunt." He had also denied fleeing to Britain, saying he was a global businessman who had to travel abroad.

Editor: xuxin
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Arrest warrants issued against fugitive Indian liquor baron

Source: Xinhua 2016-11-04 22:03:44
[Editor: huaxia]

NEW DELHI, Nov. 4 (Xinhua) -- Two Indian courts Friday issued two separate non-bailable warrants against indebted liquor baron Vijay Mallya, who is currently in Britain.

While the first warrant was issued by a court in Delhi in a case of alleged violation of foreign exchange rules after Mallya failed to appear before the court, the second one was issued in a 2012 cheque-bounce case.

The Indian External Affairs Ministry has been asked to execute the warrants.

India had revoked Mallya passport in May and asked Britain to deport him, a request denied by London on the grounds that he had entered that country on a valid passport.

This is not then first time that arrest warrants were issued against the business tycoon, who is said to owe Indian banks 1 billion U.S. dollars. At least two warrants had been earlier issued by courts in India -- one in April this year and the other in August.

The flamboyant businessman made his fortune selling beer under the Kingfisher brand and branched out into aviation, Formula One racing, and Indian cricket. His debts were incurred by the failure of his airline and he is being pursued by a group of mainly state-run banks who lent him money.

However, Mallya denied any wrongdoing and even took to social media in March to claim he was a victim of a "media witch hunt." He had also denied fleeing to Britain, saying he was a global businessman who had to travel abroad.

[Editor: huaxia]
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