A special court has issued a non-bailable warrant of arrest against businessman, Vijay Mallya, today in a 430 crore money laundering case.
The warrant was issued on a plea by the Enforcement Directorate (ED). But what happens next?
Will Mallya be forced to return to India? If he does return, can the 9,000 crore his companies owe around 17 banks really be recovered? And what lessons are our banks learning from the glaring mistakes they’ve made in the VM case, and several other cases that are not even being talked about.