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Vijay Mallya in trouble

Vijay Mallya in trouble

A special Prevention of Money Laundering Act (PMLA) court on issued a Non-Bailable Warrant against absconding liquor baron Vijay Mallya, as it took cognizance of the complaint filed by the Enforcement Directorate (ED). ED had filed the first charge sheet against the liquor baron and others in the IDBI-KFA bank loan money laundering case. Mallya owes as much as Rs. 9,000 crore to Indian banks.

read more at Deccan Chronicle

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