Google trend - Vijay Mallya

Vijay Mallya - 10 things to know with detail

• Background: Vijay Mallya is an Indian businessman and former Member of Parliament. He was born on December 18, 1955, in Kolkata, India, to industrialist Vittal Mallya.
• Business Empire: Mallya is best known for his ownership of the UB Group, a conglomerate with interests in various industries such as beverages, aviation, real estate, and more.
• Kingfisher Airlines: Mallya founded Kingfisher Airlines in 2005, aiming to create a premium airline in India. However, the airline faced financial difficulties and eventually ceased operations in 2012.
• Financial Troubles: Mallya's business empire began facing financial troubles, leading to the collapse of Kingfisher Airlines and mounting debts. He was accused of defaulting on loans and was declared a wilful defaulter by Indian banks.
• Legal Troubles: Mallya faced legal battles in India over his unpaid debts and allegations of financial irregularities. In 2016, he left India and sought refuge in the UK to avoid extradition.
• Extradition Case: In 2017, Mallya was arrested in London on an extradition warrant issued by Indian authorities. The Indian government sought his extradition to face charges of money laundering and fraud.
• Extradition Ruling: In December 2018, a UK court ruled in favor of Mallya's extradition to India. However, he has since appealed the decision and continues to fight extradition.
• Personal Life: Mallya is known for his extravagant lifestyle, owning luxury properties and yachts around the world. He has been married multiple times and has children from his marriages.
• Fugitive Status: Mallya is currently considered a fugitive from justice in India, with pending criminal cases against him. The Indian government has been seeking his extradition to face trial in India.
• Controversies: Mallya's downfall and legal troubles have been the subject of much controversy in India. His case has highlighted issues of corporate governance, banking regulations, and the challenges of dealing with high-profile financial offenders.