India’s cabinet approved Wednesday plans to sell a stake in state-run Air India as the debt-saddled carrier struggles to compete with low-cost rivals in one of the world’s fastest-growing airline markets. “A civil aviation ministry proposal was received by the cabinet which was given an in principle approval for the disinvestment of Air India,” finance … Read more
India’s financial crimes agency filed charges of money-laundering Wednesday against Vijay Mallya, accusing the flamboyant tycoon of siphoning off money from a loan to his now-defunct airline. The charges brought by the Enforcement Directorate against Mallya — once dubbed the “King of Good Times” for his lavish lifestyle — relate to a loan extended to … Read more
India’s financial crimes agency filed charges of money-laundering Wednesday against Vijay Mallya, accusing the flamboyant tycoon of siphoning off money from a loan to his now-defunct airline. The charges brought by the Enforcement Directorate against Mallya — once dubbed the “King of Good Times” for his lavish lifestyle — relate to a loan extended to … Read more
Indian tycoon Vijay Mallya on Tuesday insisted he was innocent as he appeared at a court in London over an extradition request from India, where he is accused of fraud. “I deny all allegations that have been made and I will continue to deny them,” the flamboyant financier, who co-owns Formula One team Force India, … Read more
Indian tycoon Vijay Mallya, once dubbed the “King of Good Times”, was found guilty of contempt by the country’s top court Tuesday after he was found to have sent his children millions of dollars. The indebted liquor baron, who co-owns a Formula One team and a cricket side, fled India in 2016 owing more than … Read more