Free Press Journal
  • Vijay Mallya denies ‘plea bargain’ allegations by ED official

    New Delhi: Liquor baron Vijay Mallya refuted allegations of attempting a plea bargain, levied by an Enforcement Directorate (ED) official. “Media reports quote an ED official stating that I am attempting a plea bargain. Would respectfully suggest that the official read the ED charge sheet first. I would invite the ED to advance the same plea bargain theory in Court in front of whom I have placed my assets,”

  • Vijay Mallya has no change of heart, law is catching up: BJP

    New Delhi: The BJP on Wednesday said Vijay Mallya has had no change of heart and he was not willing to clear his loans as the law was catching up with the fugitive liquor baron. “This is not a change of heart that he wants to repay the money (to banks) but the fact is that the law is catching up with those who felt entitled to play with the law,” spokesperson Sambit

  • UK, Vijay Mallya, London, Fugitive tycoon, British Assets, family's lavish residences, Vijay Mallya on his assets

    I’m not a fugitive, always had honest intentions of repaying loans: Vijay Mallya cries foul

    New Delhi: Liquor baron Vijay Mallya on Wednesday said he is not a fugitive and “always had honest intentions” to repay his loans. This comes after Mallya on Tuesday broke his silence over the controversy surrounding him of defaulting on bank loans to the tune of Rs 9000 crores, and said he had been falsely framed as the “poster boy of Bank default and a lightning rod of public anger”.

  • Vijay Mallya seeks approval from UK court to sell assets in Karnataka worth Rs 13,900 crore

    Bengaluru: The ‘King of Debt Times’ Vijay Mallya has come up with a clever plan. With the Enforcement Directorate’s noose tightening around his neck, the fugitive tycoon holed up in the UK has sought approvals from a court in Karnataka to sell assets worth Rs 13,900 crore to repay creditors, including banks which have piled up cases against him.

  • ED seeks fugitive offender tag for Vijay Mallya in first case under new legislation

    New Delhi: India today made its first official move to clampdown against big bank loan defaulters under a new law as the Enforcement Directorate (ED) moved a court against liquor baron Vijay Mallya seeking to declare him a ‘fugitive offender’ and to confiscate his assets worth Rs 12,500 crore.

  • Mallya faces fresh money laundering charges

    New Delhi : In more trouble for liquor baron Vijay Mallya, the Enforcement Directorate (ED) is set to soon file a fresh charge sheet against him and his companies on charges of money laundering and allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore, officials said,

  • Mallya told to pay costs to Indian banks

    London : The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues.

  • UK court orders Vijay Mallya to pay costs to Indian banks

    London: The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues.

  • UK, Vijay Mallya, London, Fugitive tycoon, British Assets, family's lavish residences, Vijay Mallya on his assets

    Vijay Mallya resigns as Force India Formula One director, seeks appeal in assets case

    London: Embattled liquor tycoon Vijay Mallya has resigned as director of his Formula One motorsport company Force India as his legal team filed an application to seek an appeal against a 1.145-billion-pound UK high court ruling on freezing of his assets. The 62-year-old Mallya, who is fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore, resigned as director of Sahara Force India Formula One Team

  • Govinda, Vijay Mallya,Govind Nihalani, Rangeela Raja, Mr Mallya, Vijay Mallya international scam

    Is Govinda really playing Vijay Mallya in Rangeela Raja? Here’s what Pahlaj Nihalani has to say

    If rumours are to be believed then former censor board chief Pahlaj Nihalani has plotted a comeback role for his favourite actor Govinda in Rangeela Raja which is meant to blow the lid off a certain Mr Mallya’s international scam. Apparently Govinda plays a smooth suave womanizing scamster. His entire character and the look is based on a certain Mr Mallya.

  • UK, Vijay Mallya, London, Fugitive tycoon, British Assets, family's lavish residences, Vijay Mallya on his assets

    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