Vijay Mallya

Indian businessman Vijay Mallya

Vijay Mallya is an Indian liquor and airline baron. The son of industrialist Vittal Mallya, he is the chairman of the United Breweries Group and Kingfisher Airlines. His United Spirits is world's second largest liquor maker, by volume. Mallya is also an MP in the Indian Rajya Sabha. He also co-owns the Formula One team Force India, the Indian Premier League team Bangalore Royal Challengers,the I-League teams Mohun Bagan A. C and East Bengal FC.
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Biography
Vijay Mallya's personal information overview.
home town
Paschimbanga
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News
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Meet the beer baron fighting extradition to India
CNN - 5 months
Vijay Mallya was once known as the "King of Good Times" as much for his liquor fortune as for his billionaire lifestyle. Now he's fighting to avoid being extradited from the U.K. to India where he's wanted for alleged fraud.
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 CNN article
'King of Good Times' Gives Diageo a Hangover
Wall Street Journal - 10 months
The world’s largest liquor company struck a deal with Indian tycoon Vijay Mallya to buy United Spirits. Now the British firm finds itself in a legal quagmire.
Article Link:
 Wall Street Journal article
Co-owner of Formula One team Force India could face further charges, UK court told
Reuters.com - 10 months
LONDON (Reuters) - Vijay Mallya, the co-owner of Formula One team Force India, could face further charges and a second request to extradite him from Britain to India, a London court heard on Tuesday.
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 Reuters.com article
Motor racing: Mallya 'optimistic' after arrest, says Perez
Reuters.com - 12 months
SOCHI, Russia (Reuters) - Force India co-owner Vijay Mallya is upbeat about the future despite facing potential extradition from Britain to India after his arrest last week, the Formula One team's Mexican driver Sergio Perez said on Thursday.
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 Reuters.com article
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour
Guardian (UK) - about 1 year
Residents of sleepy English village of Tewin give verdict on Kingfisher Airlines tycoon, wanted in India to face allegations of fraud Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India to face a fraud trial on allegations over £1bn of unpaid debts. Landscape gardeners were this week laying a truckload of fresh turf in the grounds of his £11.5m mansion in the sleepy Hertfordshire village of Tewin, nearly Welwyn, 20 miles north of London. After the installation of three fountains in one of two garden pools and a four-car garage to house a fraction of his collection of 260 classic cars, the lawn should be the last step in the two-year makeover of his Ladywalk estate on Queen Hoo Lane. Continue reading...
Article Link:
 Guardian (UK) article
Indian Tycoon Vijay Mallya Arrested in U.K. on Fraud Charges
Wall Street Journal - about 1 year
Tycoon Vijay Mallya, once feted as India’s “King of Good Times,” was arrested in London by British police, following a request by Indian authorities seeking to extradite him to face allegations of fraud.
Article Link:
 Wall Street Journal article
India's former 'King of Good Times,' beer baron Vijay Mallya, is arrested in London
LATimes - about 1 year
Former Indian tycoon Vijay Mallya was arrested Tuesday in London in what was seen as the start of a lengthy legal battle to return him to his home country to face fraud and money laundering charges. The self-proclaimed “King of Good Times,” who led a lavish lifestyle while racking up $1.4 billion...
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 LATimes article
Indian business tycoon Vijay Mallya arrested in the U.K.
CNN - about 1 year
The law has finally caught up with Indian tycoon Vijay Mallya.
Article Link:
 CNN article
Exclusive: F1 boss Mallya sees no grounds for extradition
Reuters.com - about 1 year
SILVERSTONE, England (Reuters) - Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving.
Article Link:
 Reuters.com article
UPDATE 1-Kingfisher tycoon Vijay Mallya charged in loan default case
Reuters.com - about 1 year
MUMBAI, Jan 24 (Reuters) - Vijay Mallya, the Indian liquor and aviation tycoon, was charged on Tuesday with conspiracy and fraud connected to a 9 billion rupee ($132 million) loan granted by a...
Article Link:
 Reuters.com article
Fugitive Indian tycoon Mallya cries foul over Twitter hack
Reuters.com - over 1 year
MUMBAI (Reuters) - Fugitive Indian businessman Vijay Mallya said on Friday that his Twitter account had been penetrated by a hacking group called Legion, which posted links to what it alleged were details of Mallya's bank accounts, offshore investments and luxury cars.
Article Link:
 Reuters.com article
Vijay Mallya PMLA case: Court confirms Rs 1411 crore attachment order - Economic Times
Google News - over 1 year
Economic Times Vijay Mallya PMLA case: Court confirms Rs 1411 crore attachment order Economic Times NEW DELHI: A special anti-money laundering court here has confirmed an attachment of assets order worth Rs 1,411 crore issued by the ED against UBHL and others in connection with its money laundering probe against liquor baron Vijay Mallya and others ... HC rejects Mallya's application to recall orderTimes of India Karnataka HC indicates it may issue warrant against MallyaThe New Indian Express Karnataka High Court rejects Vijay Mallya's plea for recalling orderThe Indian Express The Hindu -Financial Express -Livemint -Deccan Herald all 9 news articles »
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 Google News article
Vijay Mallya officially declared an “absconder” - The Hindu
Google News - over 1 year
NDTV Vijay Mallya officially declared an “absconder” The Hindu After multiple warrants and being declared a proclaimed offender liquor baron Vijay Mallya has been declared an “absconder” by the Prevention of Money Laundering Act (PMLA) court on Thursday. On October 26, the Enforcement Directorate (ED) had ... Special court declares Vijay Mallya an absconderThe Indian Express PMLA court in Mumbai declares liquor baron Vijay Mallya an 'absconder'India Today Mumbai Court Declares Vijay Mallya Proclaimed OffenderNDTV Business Standard -Financial Express -The Asian Age all 7 news articles »
Article Link:
 Google News article
Motor racing-Perez keen to confirm 2017 seat in coming week
Yahoo News - over 1 year
By Abhishek Takle SEPANG, Malaysia, Sept 29 (Reuters) - Force India's Sergio Perez hopes to shed some light on where he will be driving in 2017 by the end of next week, with the Mexican conducting negotiations that he described as key to his Formula One career. "I believe that next week is crucial to sort out my future," Perez told reporters at the Sepang circuit on Thursday as he prepares for this weekend's Malaysian Grand Prix. "I really hope that by next weekend we will all know." Perez's future has been the subject of speculation for some time with Force India team principal Vijay Mallya saying in July that both the Mexican and his German team mate Nico Hulkenberg would be staying at the team next season.
Article Link:
 Yahoo News article
Timeline
Learn about memorable moments in the evolution of Vijay Mallya
    LATE ADULTHOOD
  • 2016
    Age 60
    On 11 June 2016, the Enforcement Directorate reported it had "provisionally attached" rupees worth of Mallya's Indian assets and properties against unpaid loans totalling.
    More Details
    On 13 March 2016 a court in Hyderabad issued a non-bailable warrant for Mallya's arrest, but it appears he is remaining at his country estate near London, England, while his lawyer contests the warrant with a higher court. On 18 April 2016, a special court in Mumbai also issued an undated non-bailable Arrest warrant against the businessman.
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    In March 2016, a consortium of banks approached the Supreme Court of India to stop Mallya from going abroad due to the pending money his companies owed them.
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    Also, the High Court of Judicature at Hyderabad issued a non-bailable warrant against Mallya on 13 March 2016 for his failure to appear in the court regarding an allegation of cheating the GMR Hyderabad International Airport Ltd by issuing them a dishonoured cheque for.
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    On 24 April 2016, the Ministry of External Affairs (India) revoked Mallya's passport, and he resigned from the Rajya Sabha on 2 May 2016, the day before the Ethics Committee of the Rajya Sabha was prepared to recommend his expulsion.
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    The 17 banks petitioned the Supreme Court of India in March 2016 to try to prevent Mallya from leaving the country, but the Indian government indicated that he had already left. The Enforcement Directorate of India also filed a money laundering case against him in March 2016 for allegedly sending abroad some that had been loaned to his airline.
    Mallya left India on 2 March 2016 after saying he wanted to move to Britain to be closer to his children.
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  • FIFTIES
  • 2015
    Age 59
    In February 2015 Mallya was forced to resign as Chairman of United Spirits, and he contracted to receive a $75 million severance payment as part of that deal, but the courts in India have blocked that payment.
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  • 2012
    Age 56
    In 2012, Mallya ceded management control of United Spirits Limited to global spirits giant Diageo, although he retained a minority stake in the business.
  • 2010
    Age 54
    In 2010, he was re-elected for a second term, this time with the backing of the Bharatiya Janata Party (BJP) and the JD(S).
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  • FORTIES
  • 2005
    Age 49
    Although generally characterized as having an extravagant lifestyle, Mallya was reported in 2005 to be someone who prays every day and conducts the entire 42-day Sabarimala fast every year while wearing only black clothing, and to be a devout follower of Sri Sri Ravi Shankar and the Art of Living movement.
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  • 2003
    Age 47
    Previously a member of the Akhila Bharata Janata Dal, Mallya joined the Subramanian Swamy led Janata Party in 2003 and served as its National Working President till 2010.
  • 2002
    Age 46
    He was elected to the Rajya Sabha in 2002 as an independent member from his home state of Karnataka with the support of the Congress party and Janata Dal (Secular).
  • THIRTIES
  • 1993
    Age 37
    In June 1993, Mallya married his current wife Rekha, whom he had known since childhood, and together they have two daughters, Leanna and Tanya.
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  • 1987
    Age 31
    They have one son, Siddharth Mallya, who was born on 7 May 1987.
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  • 1986
    Age 30
    In 1986, he met and married Sameera Tyabjee, an air hostess of Air India.
  • TWENTIES
  • 1976
    Age 20
    Mallya was born the son of Vittal Mallya, a Goud Saraswat Brahmin from Bantwal, Karnataka and Lalitha Ramaiah. Vittal Mallya was the Chairman of United Breweries Group. Vijay Mallya was educated at La Martinière Calcutta, where he was appointed House Captain of Hastings house in his final year, and at St Xavier's College, Calcutta, where he graduated with a Bachelor of Commerce degree (with honours) in 1976.
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  • CHILDHOOD
  • 1955
    Born
    Born on December 18, 1955.
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