Vijay Mallya is a fugitive businessman and former politician. It is cognizance of the fact that Mallya is the subject of an “extradition effort” by the Indian Government to return him from the United Kingdom to face charges of financial crimes in India.
The 66-year-old was also the founder and ex-owner of now terminated Kingfisher Airlines and former co-owner of the Force India Formula One team before it went into administration. Moreover, he is also an ex-owner of the Royal Challengers Bangalore cricket team.
Since his arrest in April 2017, the tycoon is on bail and is fighting extradition to India on charges of alleged fraud and money laundering.
Mallya is accused of Rs 6,027-crore loan that he took from a consortium of 17 banks for his now-defunct Kingfisher Airlines to shell companies in 7 countries, including the likes of the US, UK, France and Ireland.
State Bank of India sanctioned Rs 1,600 crore while other public-sector banks that sanctioned loans to Kingfisher are Punjab National Bank with an exposure of Rs 800 crore, Bank of India (Rs 650 crore), Bank of Baroda (Rs 550 crore), Central Bank of India (Rs 410 crore), UCO Bank (Rs 320 crore), Corporation Bank (Rs 310 crore), State Bank of Mysore (Rs 150 crore), Indian Overseas Bank (Rs 140 crore).
Yesterday, the businessman took to his official Twitter handle to wish a Happy Ganesh Chaturthi. His tweet went viral in no time and netizens couldn’t stop sending messages to his tweet. “Happy Ganesh Chaturthi to all,” he tweeted.