Vijay Mallya: The story so far
A look at events that led to Vijay Mallya's arrest, and bail, in London on Tuesday
Vijay Mallya was arrested by Scotland Yard in London on India’s extradition request. He was released on bail a few hours after he appeared at a central London police station. Here’s a look at events that led to Tuesday’s development:
October, November 2009: IDBI Bank sanctions Rs1,100 crore loan to Kingfisher Airlines. (According to CBI chargesheet)
October 2011: Kingfisher delays salaries for second consecutive month
October 2012 : Government suspends Kingfisher Airlines’ licence
February 2013: Bankers say they have lost faith in the management’s ability to revive the company.
October 2015: CBI searches Kingfisher, Vijay Mallya offices in IDBI Bank loan probe
March 2016: Mallya leaves India on 2 March
March 2016: Debt recovery tribunal (DRT) blocks Mallya from getting his hands on a $75 million payout by Diageo Plc.
March 2016: Banks move Supreme Court to stop Mallya from leaving India
April 2016: Supreme Court directs Mallya to disclose all assets
23 January 2017: CBI arrests former IDBI Bank chairman Yogesh Aggarwal, 7 others
25 January 2017: CBI charges Mallya with fraud, criminal conspiracy
25 January 2017: Sebi restrains Mallya from trading in securities markets
March 2017: Mallya says he is ready to talk to banks for one-time settlement of loans
25 March 2017: UK certifies India’s request for Mallya’s extradition
8 April 2017: Mallya moves SAT against Sebi order barring him from securities market
18 April 2017: Mallya arrested in London; extradition proceedings begin in UK court
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