UK refuses to deport Vijay Mallya in money laundering case; what options banks have now to settle debt

May 11, 2016 8:53 AM

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UK refuses to deport Vijay Mallya in money laundering case; what options banks have now to settle debt

Britain has told India that it cannot deport Vijay Mallya, who is facing money laundering charges in the country, but could consider an extradition request for him.

With the UK government expressing inability to deport loan defaulter Vijay Mallya and Indian authorities left the option of going a long extradition process, former top bankers are of the view that bank consortium that had extended loans to Kingfisher Airlines should initiate recovery measures by wo...

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