THE ROAD TO EX­TRA­DI­TION

Vijay Mallya’s trou­bles be­gan af­ter his air­line was grounded, and snow­balled af­ter the banks came knock­ing in 2014

India Today - - EXTRADITION | VIJAY MALLYA -

King­fisher Air­lines grounded af­ter be­ing hit by Rs 7,000 crore debt July Di­a­geo gains con­trol of Mallya-owned United Spir­its Lim­ited, raises stake to 55% Septem­ber United Bank of In­dia calls Mallya a ‘wil­ful de­faulter’, but he gets the court to dis­miss the move State Bank of In­dia names Mallya a ‘wil­ful de­faulter’

March 2

Mallya leaves

coun­try for Lon­don on the day the public sec­tor banks moved the Debt Re­cov­ery Tri­bunal against him March 4 SBI and a con­sor­tium of banks move the Kar­nataka High Court to get Mallya ar­rested and his pass­port im­pounded March 7 Debt Re­cov­ery Tri­bunal bars British liquor gi­ant Di­a­geo from pay­ing Mallya a sev­er­ance pack­age of Rs 515 crore to quit as United Spir­its chair­man

Au­gust 23 En­force­ment Direc­torate reg­is­ters a case of money laun­der­ing against Mallya based on a CBI probe of the ‘wil­ful de­fault’ of KFA on a Rs 900 crore loan from IDBI Bank

Septem­ber 23 ED at­taches prop­er­ties of Mallya worth Rs 6,630

crore in con­nec­tion with a fresh case of cheat­ing March 12 Sebi bars wil­ful de­fault­ers from rais­ing public funds through stocks and bonds, and from tak­ing board po­si­tions at listed com­pa­nies—a move that dis­qual­i­fies Mallya from var­i­ous posts in his group com­pa­nies as well as MNC sub­sidiaries March 13 A Hy­der­abad court is­sues a non-bail­able war­rant against Mallya in con­nec­tion with dis­hon­our­ing a Rs 50 lakh cheque to GMR In­ter­na­tional Air­port Ltd Jan­uary 24 CBI files chargesheet in IDBI loan de­fault case charg­ing Mallya and nine of­fi­cials of King­fisher and IDBI. Court is­sues non­bail­able war­rant on Jan­uary 31 April 8 Mallya’s King­fisher villa in Goa auc­tioned by SBIled lender group. Af­ter three failed at­tempts, it goes to film pro­duc­tion com­pany Vik­ing Me­dia & En­ter­tain­ment for Rs 73 crore April 18 Mallya ar­rested by Scot­land Yard in Lon­don, re­leased on bail

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