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Vijay Mallya Liquor baron Kingfisher-Bear & owner of  Kingfisher Airlines Arrested and got Bail within hours in UK

Mr Mallya has repeatedly denied any wrongdoing. "Not a rupee was misused," he had tweeted

London, April 18, 2017 Naresh Chopra-UK/Ramesh NYC

On April 18, 2017: Mr Mallya arrested in London and the Westminster Magistrates' Court later gave him bail on a 650,000 pound bond and the court issued some stringent orders not to apply for travel documents nor attempt to leave the UK. The next hearing of the case will be on May 17, 2017

The Ministry of External Affairs of India  made a formal request to extradite Mr. Mallya through a diplomatic note of request or ‘note verbale’ for defaulting on over Rs 8,000 crore in bank loans in India. 

Vittal Mallya, Father of Vijay Mallya

Vijay Vittal Mallya, the son of Vittal Mallya from Bantwal, Karnataka, is an Indian businessman and politician. In 1983, Vijay Mallya became the Chairman of United Breweries Group at the age of 28, following his father's death.

Vijay Mallya was born to an industrialist a very wealthy father. From a young age, he decided to follow his father’s footsteps. Mallya’s father was a very strict disciplinarian.

The group has grown into a multi-national conglomerate of over 60 companies, with an annual turnover which increased by 64% over 15 years to US$11 billion in 1998–1999.

United's Kingfisher beer has more than a 50% market share in India's beer market. The beer is available in 52 countries outside India and leads among Indian beers in the international market.

Vijay Mallya is often referred to as many things- ‘The Richard Branson of India, the Liquor Baron and most popularly as the ‘King of Good Times.

  • United Spirits Ltd, the flagship company of the UB Group, achieved the historic milestone of selling 10 crore (100 million) cases, becoming the second-largest spirits company in the world by volume under Vijay Mallya's chairmanship

  • Mallya also co-owns the Formula One team Sahara Force India.

  • His companies own Indian Premier League team Royal Challengers Bangalore, the I-League teams Mohun Bagan AC and East Bengal FC. Mallya also served in the Rajya Sabha, the upper house of the Parliament of India, for his home state Karnataka

  • Mallya has a fetish for cars and thus owns a collection of more than 250 vintage cars. Mallya continues to live luxuriously in his 5 super expensive homes across the world.

In 1976, he graduated with a Bachelor of Commerce degree (with honours) from St Xavier's College, Calcutta. After graduating, he interned at the American part of Hoechst AG in the United States. He generally characterized as having an extravagant lifestyle: 

  • While travelling to the USA on an Air India flight, he saw SameeraTyabji. Vijay fell into the amazing beauty of Samira instantly. In 1986, he married Sameera Tyabjee and they have one son, Siddharth Mallya, who was born on 7 May 1987, they were divorced shortly afterwards.

  • In June 1993, Mallya married his current wife Rekha, whom he had known since childhood, and together they have two daughters, Leanna and Tanya. Rekha was previously married twice, and also has a daughter and son, Leila and Kabir, from a previous marriage. Mallya adopted Rekha's daughter Leila


Kingfisher Airlines crisis- From bang to bust

Kingfisher Airlines was set up in 2003 and flight takes off on May 09, 2005 with a fleet of 4 Airbus A320 aircrafts. It became the first and only Indian carrier with Airbus A380 order Fleet size of 73 and 137 orders to be delivered by 2014.

  • Kingfisher Airlines started  services to 80 destinations domestic as well as international. There was no profit since it got listed in 2006

  • Oil prices started to climb from $72-$75 and Kingfisher Airlines struggled to run a business that included a full-service airline and a low-cost carrier

  • June 2, 2007: To save up to Rs. 300 crore on costs, Kingfisher Airlines became Air Deccan and once the entire acquisition was completes, Mr. Mallya quickly changed the airline's name back to Kingfisher Airlines in 2008

  • November 4, 2009: Kingfisher reported a net loss of Rs 418.77 crore during the second quarter.

  • Kingfisher decides to lay off nearly 100 pilots

  • November 13, 2011: The Commercial banks which had lent over Rs.7,000 crore to the airlines, closely monitor the situation and tighten the noose around its promoter to protect their interest.

  • Protest for non-payment of salaries, cancellation of flights and  mass agitation started. Flying permit started to suspended or cancelled.

  • On December 9, 2011: The Service Tax Department freezes more than10 accounts of Kingfisher Airlines for non-payment of  over Rs.70 crore.

  • On March 8, 2012: IATA Airline Association informed travel agents to immediately stop booking tickets on the Kingfisher Airlines for failure payments dues since February.

  • On March 27, 2012: suspends operations 120 daily flights, down from more than 400 earlier.

  • On November 10, 2012: Mr. Mallya loses Royal Challenge when international liquor major Diageo announced its decision to acquire 53.4% per cent stake in Vijay Mallya-owned United Spirits Ltd. (USL) for Rs.11,166.50 crore

  • On August 21, 2014: Punjab National Bank issues notice to KFA alleging the carrier has wilfully defaulted in payment of outstanding dues of over Rs 770 crore.

  • On September 1, 2014: United Bank of India declares Vijay Mallya and three directors of Kingfisher Airlines (KFA) as wilful defaulters.

  • On February 24, 2015: A 17-bank consortium led by State Bank of India takes over possession of the prized Kingfisher House, estimated to be worth Rs.100 crore.

  • On April 25, 2015: Alleging fund diversion to Kingfisher and other UB group entities, United Spirits’ new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he out rightly rejected.

  • On October 10, 2015: CBI conducts searches at Vijay Mallya's offices. Sources say raids connected to the case of a Rs. 950 crore loan of IDBI Bank

  • On February 16, 2016: PNB declares United Breweries Holdings ‘wilful defaulter’

  • On February 19, 2016: As many as four banks are contemplating selling assets of beleaguered air carrier Kingfisher Airlines

  • On February 28, 2016: Mallya exits USL but over 2 lakh investors still stuck in KFA. The Enforcement Directorate registers a money-laundering case against Vijay Mallya into the alleged default of a Rs. 900-crore loan in collusion with IDBI officials.

  • On March 9, 2016: Mallya left India on March 2, government tells court

  • On March 11, 2016: The The Enforcement Directorate issues summons to Mallya in connection with the money laundering case asked to present himself before the investigating team on March 18.

  • On March 30, 2016: Supreme Court hears Mallya's case. Mallya offers to repay Rs. 4000 cr. to banks by September. SC gives banks a week's time to decide

  • On April 15, 2016: The Ministry of External Affairs suspends Vijay Mallya’s diplomatic passport.

  • On April 20-24, 2016: PMLA court directs ED to execute the non-bailable warrant against Vijay Mallya. Banks have no right to seek information about my assets abroad, Mallya says.  ED seeks Vijay Mallya's deportation. MEA revokes Vijay Mallya’s passport

  • On April 29, 2016: Interview with Financial Times, Mallya said, “I am in ‘forced exile’, no plans to return to India.”

  • On May 02, 2016: Mallya resigned from Rajya Sabha because of  loan default of over Rs. 9,400 crore.

India Requested U.K. Home Office to extradite Mr. Mallya:

·       On February 8, 2017: The Ministry of External Affairs made a formal request to extradite Mr. Mallya through a diplomatic note of request or ‘note verbale’ for defaulting on over Rs 8,000 crore in bank loans in India

·       On February 21, 2017: U.K. Home Office conveyed to Indian officials that the request to initiate the legal process to allow Mr. Mallya’s extradition had been certified by the Secretary of State and sent to Westminster Magistrates’ Court for a District Judge to consider issuing an arrest warrant.

On March 24, 2017: British authorities starts legal process to extradite Mr Mallya to India.

Mr Mallya arrested and got bail within hours:

·       On April 18, 2017: Mr Mallya arrested in London and the Westminster Magistrates' Court later gave him bail on a 650,000 pound bond and the court issued some stringent orders  not to apply for travel documents nor attempt to leave the UK. The next hearing of the case will be on May 17, 2017


Vijay Mallya arrested in London, gets bail

 London, April 18, 2017: Liquor baron Vijay Mallya, wanted in India for defaulting on over Rs 8,000 crore in bank loans, was arrested here on Tuesday. Within hours, a court granted him bail.

Metropolitan Police said Mallya, 61, was taken into custody after attending a central London police station.

The Westminster Magistrates' Court later gave him bail on a 650,000 pound bond. The next hearing of the case will be on May 17.

The court issued some stringent orders against Mallya before granting him bail, instructing "neither he can apply for travel documents nor attempt to leave the UK".

It further directed the business tycoon to live in Hertfordshire and keep his cell phone on round the clock. Mallya's revoked passport will also be retained until further orders of the court.

A Metropolitan Police statement said officers from the Extradition Unit arrested Mallya on an extradition warrant from India.

"Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud," the statement said.

After getting bail, Mallya tweeted: "Usual Indian media hype. Extradition hearing in court started today as expected."

Mallya fled to Britain in March 2016 after being pursued in courts by Indian banks seeking to recover Rs 8,191 crore owed by his now defunct Kingfisher Airline.

The banks had been able to recover only Rs 155 crore. Despite multiple injunctions, Mallya failed to appear before investigators -- and then flew out of India.

On February 8, the Indian government handed over to British authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.

The loan, granted in September 2004, was reviewed in February 2008.

India's Central Bureau of Investigation (CBI) and Enforcement Directorate initiated criminal investigation against Mallya in July 2015 and January 2016 respectively under the Prevention of Money Laundering Act.

The Indian agencies took the step on the basis of complaint filed by a consortium of 17 banks led by the State Bank of India.

The cases were registered against Mallya, Kingfisher Airline, UB Group company United Breweries Holdings Ltd and others.

The Enforcement Directorate in March and April 2016 issued a number of summons against Mallya to appear before it but he failed to do so.

Subsequently, a non-bailable warrant was issued against Mallya by a Mumbai court in April 2016. His passport was revoked on April 23.

The court in November ordered the seizure of domestic assets of Mallya and entities controlled by him.

The Enforcement Directorate said that it has attached properties of Mallya and his companies having market value more than Rs 8,000 crore.


Parliamentary panel had rapped Mallya's UB 4 decades ago for illegally importing hops

New Delhi, May 4. 2016:  (IANS) The UB Group of liquor baron Vijay Mallya, who is on the verge of being expelled from the Rajya Sabha after defaulting on debts of Rs.9,000 crore to Indian banks, was sharply rapped by a parliamentary panel four decades ago for trying to illegally import Australian hops that would have played havoc with the country's agriculture, a reply to an RTI querry by IANS has revealed.

"How a private brewery could get clearance from both the Ministries of Commerce and Agriculture and DGTD and make a daring attempt to smuggle in, in a way, infested hop cuttings by air without the necessary permits from the Directorate of Plant Protection, Quarantine and Storage is a matter which calls for a thorough investigation with a view to fixing individual responsibility. The matter should be referred to Central Vigilance Commission," the Public Accounts Committee said in its 136th report on Feb 25, 1975.

The report, however, was never made public.

Enquiries reveal that after more than four decades, no action was taken against anyone, in spite of the strongly-worded report. Only the Quarantine Act was amended to prevent such frauds.

The committee, headed by Lok Sabha MP from West Bengal Jyotirmoy Basu of the CPI-M, was informed by the finance ministry that a consignment of hop plant root cuttings (12,000 numbers) packed in six cases was off-loaded at the Palam Airport on May 19, 1974 from an Air India plane. After examination, the consignment was destroyed. Hop plants are used to add flavour and improve beer quality.

The consignment was imported by United Breweries Ltd which at that time was headed by Mallya's father, Vittal Mallya.

The committee had taken cognizance of a news item that the import of worm-infested hop plants posed a threat to the Indian farming. It had also examined the representatives of the ministries of commerce and agriculture (Directorate of Plant Protection, Quarantine and Storage). The report is, however, silent on why exactly the plants were sought to be imported.

The PAC observed that the case had thoroughly exposed the ineffectiveness of the age-old and outdated legislation and the governmental machinery and the loopholes in the regulatory measures promulgated by the Indian government from time to time to prevent the import of infested plants which constitute a great potential hazard.

The report further said the panel was "informed that the government of India is examining the question of imposition of penalties in respect of the transaction of import of hop plants in contravention of the provisions of the Destructive Insects and Pests (DIP) Act and that they are also examining the need for a comprehensive revision of the DIP Act."

The committee was also informed that the India had written to the Australia pointing out that the consignment in question was not accompanied by certificate saying it was free from injurious diseases.

Vijay Mallya's passport was revoked earlier after he ignored at least three summons from the Enforcement Directorate for a probe into his Rs.9,000 crore default. now in the United Kingdom, the industrialist says he has been forced into exile.

A parliamentary ethics panel on Wednesday recommended that Mallya's Rajya Sabha membership be revoked with immediate effect. His term was to end in May.