Finance Minister Nirmala Sitharaman announced that properties worth Rs 22,280 crore have been restored to pay off the debts of wanted individuals such as Vijay Mallya, Mehul Choksi, and Nirav Modi. This includes Rs 1,052 crore from Modi and Rs 2,565 crore from Choksi. The Finance Minister's statement comes after questions were raised about the Enforcement Directorate's low conviction rate in cases under the Prevention of Money Laundering Act. Congress leader Randeep Surjewala has accused the ruling party of using agencies like the ED to target opposition leaders.
Business "CBI court issues non-bailable warrant against Owner of Indian Premier League Team Vijay Mallya in high-value Money Laundering and Resort Fedelity wondering as 10 stops adjudicating and officers visit Lonavala for examination and witness accounts" The CBI has issued a non-bailable warrant against Vijay Mallya, owner of the Indian Premier League team, for his involvement in a Rs 180-crore loan default case. This comes after the CBI received information of Mallya's whereabouts and launched an extensive investigation. With officers visiting Lonavala to gather further evidence, this warrant marks another major development in the ongoing legal battle over Mallya's alleged fraudulent activities.
Former RCB owner Vijay Mallya took to social media platform X to express his confidence in the franchise's chances of winning their maiden IPL title this year. Mallya recalled his decision to buy RCB and star player Virat Kohli during the first IPL season and stated that it was the best decision he could have made. He congratulated RCB on their recent victory and expressed his support for the team in the upcoming playoffs.
The race for the IPL 2021 trophy heats up as Rajasthan Royals (RR) and Royal Challengers Bangalore (RCB) face off in the Eliminator on Wednesday. RR will look to bounce back from their previous rain-affected match, while RCB aims to continue their winning momentum. In their last encounter, RR's Jos Buttler and RCB's Virat Kohli earned high fantasy points, making them players to watch in this crucial match.
Royal Challengers Bengaluru have clinched a spot in the top four of IPL 2024 with a thrilling victory against Chennai Super Kings on Saturday. The team's former owner, Vijay Mallya, congratulated RCB on their achievement and expressed his confidence in their journey towards the trophy. Man of the Match Faf Du Plessis dedicated his award to newcomer Yash Dayal, who played a crucial role in the team's victory. However, CSK skipper Ruturaj Gaikwad pointed out that injuries and missing key players affected their performance throughout the season.
The business tycoon, Vijay Mallya, known as the 'King of Good Times', is finally facing the consequences of his actions. After losing an appeal in the UK Supreme Court against his extradition to India, all legal processes have now been completed for his return. The CBI and ED are already working on the extradition process and it is expected to be completed within the next 28 days. Mallya faces charges of fraud and money laundering worth Rs 9,000 crore and is accused of defrauding at least 17 Indian banks.
Businessman Vijay Mallya has built a $20 million 'sky mansion' on top of a skyscraper in Bengaluru, India, complete with lush gardens, an infinity pool, and a helipad. However, due to various legal issues and controversies surrounding Mallya, it is unclear whether he will ever actually get to live in his extravagant and unique residence.