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UK court hears fraud allegations against Indian tycoon Vijay Mallya

Reuters  |  LONDON 

By Michael HoldenLONDON (Reuters) - Indian tycoon Vijay Mallya should be extradited from Britain to his home country to face fraud charges of palming off losses from his failing Kingfisher Airlines onto a state-owned bank, a lawyer acting for India told a London court on Monday.Mallya denies any wrongdoing, and a court document showed his lawyers planned to argue that the case against him was politically motivated and aimed at quelling public anger in India over the accumulation of bad debts by state lenders.Mallya, 61, has had business interests ranging from aviation to liquor. He is also ...

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First Published: Mon, December 04 2017. 21:34 IST