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Fugitive Vijay Mallya had 7,500 crore in 2017, enough to repay banks: CBI

In the supplementary charge sheet, the agency has claimed that Mallya had sufficient funds at his disposal between 2008 and 2014. However, despite repeated promises of equity infusion in Kingfisher Airlines Limited (KAL) to lenders, including IDBI Bank, he didn’t follow through.

Chairman Kingfisher Airlines Vijay Mallya speaks at an event during the Civil Aviation Week - Airport & Airline 2007 Expo or AA 07, in New Delhi.Photo JASJEET PLAHA 27march'07 HTnews HTPHOTO
Updated on Mar 23, 2023 08:44 AM IST

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24

Mallya is accused of a bank loan default case of over ₹9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom

Vijay Mallya is wanted in India over fraud and money laundering charges in relation to loans taken out by his now-defunct Kingfisher Airlines from state-owned Indian banks(AP)
Published on Feb 10, 2022 05:56 PM IST
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