Mallya’s $1bn Debt Is the ‘tip of the Iceberg’ of India’s Unpaid Loans
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One team and founder of the Kingfisher beer brand was arrested on … Read more