ED to ask Mumbai court to approach UK court to extradite Mallya
May 23, 2016  18:35
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Just in: The Enforcement Directorate to ask a Mumbai court to approach a UK court to extradite Vijay Mallya. The United Kingdom had refused India's plea to extradite Mallya earlier on the ground that UK does not deport a person who has valid documents. The ED is investigating whether there was any money laundering involved in the Rs 900-crore loan that IDBI Bank gave to Kingfisher Airlines.


The ED is expected to soon begin the process of recovering the entire bank loan amount with interest from liquor baron Vijay Mallya. The ED will begin the process within the next two-three weeks by a provisional attachment of both movable and immovable properties of Mallya.

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