Motilal Oswal
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Motilal Oswal
Economy

UK home secretary approves Vijay Mallya's extradition

Updated : February 05, 2019 07:02 AM IST

India wants Mallya to be extradited from Britain to face fraud charges resulting from the collapse of his defunct Kingfisher Airlines.
India wants to bring criminal action against Mallya, 62, whose business interests have ranged from aviation to liquor, over $1.4 billion in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying.
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