Vijay Mallya and the now defunct Kingfisher Airlines are embroiled in several court cases ranging from money laundering to tax evasion to loan defaults. However, prior his fall from grace, Vijay Mallya was hailed as the czar of the corporate world. The liquor baron has been accused of having unpaid loans of over Rs 9,000 crore as well as money laundering and financial irregularities.
The poster boy of India’s bank default problem was on Tuesday arrested by the Scotland Yard in London and was soon released on conditional bail.
Here is how the Mallya's story unfurled:
April 18, 2017:

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