India’s beer fugitive a step closer to facing charges at home

MUMBAI — The U.K. High Court may have denied an appeal against extradition by Indian businessman Vijay Mallya, but it could still be some time before Delhi authorities get their hands on the fugitive who is planning on challenging¬†that decision.

Law enforcement agencies in India accuse Mallya of allegedly diverting bank loans given to his now-defunct Kingfisher Airlines to his Force India Formula One racing team and other businesses. He is also being charged with misleading banks to get those loans.

The ex-billionaire owes banks an estimated 90 billion rupees ($1.2 billion), following the collapse of Kingfisher Airlines in

Read More