Free Press Journal
  • Vijay Mallya loses UK case, Banks can now recover Rs 10,000 crore

    London: Absconding tycoon Vijay Mallya has lost a major lawsuit in UK. It was filed by Indian banks which are seeking to collect more than $1.55 billion in claims, reports CNN IBN. Significantly, the judge also refused to overturn a worldwide order freezing Mallya’s assets and upheld a Karnataka debt tribunal’s ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly Rs 10,404 crore from the

  • ‘Rangeela Raja’: First look of Govinda as Vijay Mallya and Baba Ramdev revealed!

    Almost a month ago, we had reported that the popular 90s Jodi of Govinda and Pahlaj Nihalani are all set to make a comeback. The Nihalani production, titled ‘Rangeela Raja’, will feature Govinda in a double role. But little did we know that his roles are inspired by real-life people. The actor is expected to play the role of liquor baron Vijay Mallya and Baba Ramdev in the same film.

  • BRITAIN-INDIA-VIJAY-MALLYA-F1-CRIME

    Karnataka Elections 2018: It is my democratic right to vote but “cannot travel” to India, says Vijay Mallya

    London: Liquor tycoon Vijay Mallya, who had represented Karnataka twice in the Rajya Sabha, today said it was his democratic right to vote in the state assembly polls, but lamented that he cannot travel to India, where he is wanted to face charges of fraud and money laundering. The 62-year-old former businessman parliamentarian had first represented Karnataka as the member of the Upper House of Parliament between

  • Extradition case: Vijay Mallya back in UK court for hearing

    London: Embattled liquor tycoon Vijay Mallya was back in a UK court today for a hearing in his ongoing extradition trial. The 62-year-old, who is wanted in India to face charges of fraud and money laundering amounting to around Rs 9,000 crore, is currently on a 650,000 pounds bail since his arrest on an extradition warrant by Scotland Yard in April last year.

  • Prime Minister Narendra Modi, Theresa May have discussed Vijay Mallya’s extradition, say sources

    New Delhi: During Prime Minister Narendra Modi and British counterpart Theresa May‘s talks on economic offenders, the case of absconding liquor baron Vijay Mallya was also discussed, according to sources. Indian Foreign Secretary Vijay Gokhale, during a press briefing, confirmed that the issue of economic offenders was also raised during the meet.

  • Maharashtra, Lok sabha By polls, Palghar, Bhandara-Gondia, Congress, NCP, Nationalist Congress Party

    Maharashtra government trying to recoup losses due to NiMo, Mallya: Opposition

    Mumbai: There seems to be no hope for Mumbaikars. The state government has expressed its inability to reduce the local taxes. Taking a cue from the public sentiment, the opposition Congress and the Nationalist Congress Party staged protests in the city, highlighting the fact that the hike is not due to spurt in international crude prices but because of the high local levies. The Congress even went on to allege that it

  • Ujjain: Vijay Mallya, Nirav Modi ran swachchta campaign in banks says Shiv Sharma

    Ujjain: The 48th edition of Akhil Bhartiya Tepa Sammelan was organised at Kalidas Academy on International Fools Day on Sunday. On this occasion, Tepa founder president Dr Shiv Sharma informed that this year’s theme of ‘Ghotala dot com’ was dedicated to the increasing bank scams in the country. He said that people like Vijay Mallya and Nirav Modi fled to foreign countries after taking loan of crores of rupees from Indian banks.

  • Lenders eye buyers for Kingfisher House

    Mumbai : In a move to recover dues from defunct Kingfisher Airlines’ promoter Vijay Mallya, State Bank of India (SBI) and other lenders have sought fresh bids for the sale of Kingfisher House, the Mumbai corporate office of the airline, IDBI Bank said in a notice on its website.

  • Govt to collect passport details of company directors

    New Delhi : The Ministry of Corporate Affairs is considering a proposal to seek passport details of all individuals, who have permitted to serve as directors on the board of companies in a bid to prevent loan defaulters like Nirav Modi and Mehul Choksi leaving the country.

  • Govt: Passport details must for loans of Rs 50 crore and above

    New Delhi : Passport details of borrowers taking loans of Rs 50 crore and more have been mandatory to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country, a top official said on Saturday. Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country. “Next step on clean and responsible banking. Passport details must for

  • Banks to have big borrowers’ passport details

    New Delhi : The Finance Ministry has directed state-owned banks to obtain passport details of all borrowers, who have taken loans in excess of Rs 50 crore, within 45 days with a view to preventing alleged fraudsters like Nirav Modi and Vijay Mallya from fleeing the country, sources said.

  • Bill to tackle fugitive economic offenders

    New Delhi : The government has readied a legislation to be introduced in the second half of Parliament’s budget session starting from March 5 to confiscate and sell assets of the economic offenders fleeing from the country to settle the creditors’ due of Rs 100 crore or more.

  • Punjab CM’s kin pocketed farmers money: Amit Shah

    New Delhi : BJP chief Amit Shah on Monday hit out at the Congress over an alleged bank fraud case in which Amarinder Singh’s son-in-law has been booked, saying it is shameful that the Punjab chief minister’s relative pocketed the money meant for hardworking farmers.