Mallya faces arrest in India
Two weeks before he is due to sit on the pitwall in his native India, Force India chief Vijay Mallya is facing arrest.
A non-bailable arrest warrant was issued by a Hyderabad court on Friday, relating to cheques issued by his struggling airline Kingfisher that bounced. The warrant was issued because billionaire Mallya failed to appear for a court hearing.
“The warrant doesn’t mean Mallya is going to be arrested immediately,” a supreme court lawyer is quoted by Bloomberg. “Cheque bounce is a criminal offense, but it isn’t something that’s out of the ordinary.”
Source:GMM
