New Delhi: In a setback for India’s most controversial man of 2016, the ‘King of Bad Loans’, Vijay Mallya has been slapped with a non-bailable warrant (NBW) by Bombay High Court, making it critically binding for the businessman to seek further ways out of this loan-swamp.
The Enforcements Directorate (ED) had demanded the Bombay HC to issue an NBW to Mallya under the charge of illegally siphoning off more than Rs 400 crores taken under the pretext of Kingfisher loan from IDBI bank.
This warrant against him comes days after his passport was suspended. With this fresh non-bailable warrant issued against him, there will now be enough grounds for the Ministry of External Affairs to approach the United Kingdom (UK) government and demand extradition of the liquor baron.
Albeit this development will entail an imminent deportation of Mallya, he will, however, be granted a chance to defend himself before the Royal Court of the UK. He will be declared innocent until proven guilty.
The Indian government has now retrieved all the basic requirements needed to seek the immediate deportation of Mallya. If the Indian High Commission approaches the UK government with the request for immediate extradition, Mallya could soon find himself back in the country where he owes massive loans to more than 10 banks.