The Ethics Committee of the Rajya Sabha on Monday recommended the expulsion of liquor baron Vijay Mallya, wanted for defaulting bank loans to the tune of Rs 9,000 crore, from the upper house of parliament. He has been given a week to reply.
The Rajya Sabha Ethics Committee held a meeting to discuss the Vijay Mallya issue.
One of the members, Sharad Yadav of the Janata Dal-United said, "It was decided that his membership will be revoked. It was unanimously agreed by all the members."
The government revoked Mallya's passport on Sunday after he failed to turn up for a probe into a Rs 9,000 crore default of loans from Indian banks. This has set in the motion the process for the billionaire's possible deportation from Britain, where he is staying at present.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)