SFIO to prosecute Vijay Mallya
Written by : SMTV24x7 | Thu, Nov 23, 2017, 10:56 AM
New Delhi Nov 23: In yet another blow for liquor Baron, Indian Corporate Affairs Ministry has approved filing of prosecution cases by the SFIO against defaulter businessman Vijay Mallya and others in the Kingfisher Airlines.
Ministry has given its nod after Serious Fraud Investigation Office (SFIO) has pointed out various violations by individuals and entities related to the now-defunct Kingfisher Airlines, which was owned by Mallya.
SFIO officials have said that "The charges for prosecution would be filed against Mallya and others for various violations of provisions under the companies law before a special court here".
Currently, the liquor baron is in London and he has defaulted a loan of Rs 9000 cr to the bank and Indian officials are in talks with UK Government to extradite him.