United Bank declares Mallya as wilful defaulter

1 Sep 2014
United Bank declares,United bank
  • United Bank of India became the first bank to announce debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters along with 3 directors.
  • Kingfisher owes the bank ₹350 crore.
  • Subsequently, other lenders such as IDBI, Punjab National Bank and State Bank of India were also to start the process of announcing Kingfisher and its directors as wilful defaulters.

Kingfisher involved in money laundering to tax havens

11 Oct 2015
money laundering ,tax ,Kingfisher
  • The CBI has initiated a probe on Kingfisher Airlines for allegedly illegally diverting a large chunk of ₹4,000 crore taken in loans from public sector banks.
  • Sources claimed that the funds were diverted to tax haven countries for different purposes that were not specified in loan applications.
  • Searches were carried out in offices and residence of Mallya in Goa, Mumbai, Bangalore and other places.

₹7,000 crore from 17 banks

Fact
Information

Mallya's company took loans from 17 banks with an outstanding of over ₹7,000 crore, with State Bank of India being the biggest lender with ₹1,600 crore.

Mallya declared 'wilful defaulter' by SBI

21 Nov 2015
Mallya,Vijay Mallya,SBI
  • State Bank of India- Kingfisher airline's biggest lender has announced the carrier, its benefactor Vijay Mallya and United Breweries Holdings as "wilful defaulters."
  • This declaration came after SBI's grievance redressal committee quashed the arguments made by Mallya's legal representative.
  • The news comes at a time when the Enforcement Directorate (ED) is set to begin a money laundering inquiry against Mallya and Kingfisher Airlines.

CBI: Mallya has left the country

9 Mar 2016
CBI,Mallya,Vijay Mallya
  • As the SC is set to examine a request by banks to bar Vijay Mallya from leaving India, CBI sources have stated that he is already out of the country.
  • Sources said Mr Mallya could be in London, though his office has not confirmed his whereabouts.
  • Union Law Minister Sadananda Gowda today said that the government is serious on cracking down on loan defaulters.

Four agencies issue summons to Mallya

14 Mar 2016
Mallya,Order,Loan
  • Vijay Mallya has been issued summons by four agencies, including a Hyderabad court, regarding his loan fiasco.
  • The Enforcement Directorate requested Mallya's presence on 18 March over a money laundering case.
  • The Supreme Court has summoned Mallya on 30 March over a petition filed by several banks.
  • The Debt Recovery Tribunal is scheduled to hear three more of Mallya's cases on 28 March.

Mallya can avail Emergency Certificate to return to India

16 Sep 2016
Passport,Indian Passport,Mallya Passport,Vijay Mallya Passport
  • Dismissing Vijay Mallya's claims that he is unable to travel back owing to passport suspension, Government on Thursday said any citizen can approach the nearest Indian Embassy and apply for an Emergency Certificate to return to the country.
  • His diplomatic passport was suspended on April 15 by MEA.
  • According to ED, Mallya is trying to evade court hearing, which is scheduled on October 4.

Non-bailable warrant issued against Mallya by Delhi court

05 Nov 2016
Non-bailable warrant issued against Mallya by Delhi court
  • A Delhi court commented on Vijay Mallya saying, "He has scant regard for the law of the land and has no intention to return to India."
  • It also issued a non-bailable warrant against him for evading summons and violating Foreign Exchange Regulation Act (FERA).
  • Another non-bailable warrant was issued against him in a 2012 cheque bounce case filed by GMR-led Delhi International Airport.

Legion hacks Vijay Mallya's Twitter, dumps all info

09 Dec 2016
Legion hacks Vijay Mallya's Twitter,Vijay Mallya's Twitter hacked
  • A hacker collective known as Legion has hacked Vijay Mallya's Twitter account and dumped vast amounts of his personal data including addresses, phone numbers and passwords into the public domain.
  • The hackers said they would disclose "more about this fraudster and conman over the course of the next few weeks."
  • Mallya asked his followers to "simply ignore" the updates posted by the hackers.

Kingfisher House, Villa up for re-auction this week

19 Dec 2016
Kingfisher House, Villa up for re-auction this week
  • Businessman Vijay Mallya's Kingfisher House in Mumbai and Kingfisher Villa in north Goa will be re-auctioned this week by the 17-lender consortium.
  • The reserve prices at this auction will be lesser than the previous 3 failed auctions.
  • The Kingfisher House near Mumbai airport will be auctioned for ₹115 crore.
  • The Kingfisher Villa at Candolim in north Goa will be auctioned for ₹81 crore.