Bigger India

Indian Court Declares Mallya Fugitive Economic Offender: Reports

Prime Minister Narendra Modi’s government has been battling to contain the political damage after some 31 Indians linked to fraud cases fled abroad to avoid prosecution.

Vijay Mallya, the Indian tycoon fighting multiple cases in the U.K. after defaulting on bank loans, was declared a “fugitive economic offender” by a special Mumbai court under a new law, television channels reported.

Read it at Bloomberg

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