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Here's How the 'King of Good Times' Became an 'Absconder'

News18.com

Updated: April 18, 2017, 4:43 PM IST
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Here's How the 'King of Good Times' Became an 'Absconder'
File image of Vijay Mallya. (Image: Reuters)

Vijay Mallya, once India’s most flamboyant businessman with a liquor-to-airline empire, has been arrested in London, more than a year after he moved there in an attempt to evade legal proceedings in India. He is accused of defaulting on bank loans worth Rs 9,000 crore and violating laws related to banking and aviation business. Here is a timeline tracing the fall and fall of the man who was once the King of Good Times:

APRIL 18, 2017: Scotland Yard arrests Vijay Mallya for his extradition to India; loan default of over Rs 9,000 crore among several cases against him

APRIL 12, 2017: A Delhi court issues an open ended non-bailable warrant against Mallya for evading summons in a FERA (Foreign Exchange Regulation Act) violation matter

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APRIL 8, 2017: Mallya’s Kingfisher Villa sold for Rs 73 crore to actor Sachin Joshi

MAR 25, 2017: UK authorities start legal process to extradite Mallya to India

MARCH 18, 2017: A Mumbai Court issues a non-bailable arrest warrant and an extradition order against Mallya in a service tax default case

MARCH 1, 2017: Finance Minister Arun Jaitley travels to UK, Prime Minister Theresa May breaks protocol to meet him, Mallya’s extradition among the issues discussed

FEB 28, 2017: Court allows Enforcement Directorate to attach Mallya’s assets worth Rs 4,200 crore

FEB 10, 2017: India requests UK High Commission for Vijay Mallya’s extradition

JAN 24, 2017: CBI files charge sheet in the case related to the Rs 900 crore loan in favor of Kingfisher Airlines in violation of rules

JAN 23, 2017: CBI arrests former IDBI Chairman Yogesh Aggarwal, 8 others

MAR 2016: Mallya leaves India, shifts to UK

DEC 2015: CBI questions Vijay Mallya in the loan default case

OCT 2015: CBI conducts searches at Mallya’s office

JUL 2015: CBI registers case against Mallya and Kingfisher Airlines

AUG 2014: CBI probe against IDBI and Kingfisher Airlines

DEC 31, 2012: Kingfisher Airlines loses flying license

OCT 2012: Partial lockout at Kingfisher Airlines, staff go on strike

DEC 2011: Kingfisher Airlines accounts frozen for non-payment of Rs 70 crore

DEC 2011: Mumbai International Airport seeks payment of Rs 90 crore dues

NOV 2010: Banks recast Kingfisher Airlines debt

JUNE 2007: Kingfisher Airlines acquires deccan airlines

MAY 2005: Kingfisher Airlines starts operations

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