Vijay Mallya’s Passport was Suspended|next Non-bailable warrant
Mr Mallya failed to appear three times before the Enforcement Directorate (ED), which is investigating money laundering charges against him.He is said to have some $1.4bn (£1bn) of unpaid debts after his Kingfisher airline collapsed in 2013.Media reports say the business tycoon is currently living in London.Connection with a money laundering probe in the over rs 900 crore IDBI loan fraud case, the ministry of External Affairs Suspended Liquor baron Vijay Mallya’s Diplomatic Passport ,threatening to revoke it if he does not appear before the Indian High court Commission in London with in a week.
It added that the businessman had been given a week to justify why his passport should not be impounded.
“If he fails to respond within the stipulated time, it will be assumed that he has no response to offer and the [ministry] will go ahead with the revocation,”
Vijay Mallya De-throned from King’s power
This, it says, could pave the way for his deportation from the UK.
Mr Mallya has denied media reports that he has fled the country.
Earlier, Vijay Mallya was blocked from receiving $75m severance pay from UK drinks giant Diageo.
The heavily indebted businessman was to receive the money after being ousted from the firm in February.
But a consortium of banks and creditors had demanded the money should be used to settle some of Mr Mallya’s outstanding debt to them.The Beleguered NRI Business Man whose ordinary Passport has also rendered invalid by Ministry order is now left with the sole option of returning to the country (India) on an emergency certificate issued by the Indian commission Mr.Vijay Mallya left India on March 2,flying out of Delhi on his Diplomatic Passport and it is trust to live in the united Kingdom.
The flamboyant businessman, who is a household name in India, sold a large chunk of United Spirits, which he inherited from his father, to Diageo in April 2014.
Mr Mallya, once dubbed by Indian media as India’s Richard Branson and the King of Good Times for his lavish lifestyle, also owns a stake in the Formula One team Force India.
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