India has suspended the passport of billionaire Vijay Mallya, who is overseas at a time when banks are struggling to recover nearly a billion dollars owed by his Kingfisher Airlines. This comes ED has sought revocation of Mallya’s passport.
The MEA action against Mallya came in the wake of his repeated failure to appear before the ED, which accused Mallya of deliberately avoiding his personal appearance despite statutory requirement before the Investigating Authority in defiance of the due procedure established by law in this case.