India revokes liquor baron Vijay Mallya's passport

Indian liquor baron Vijay Mallya's passport has been revoked, officials said Sunday, in the latest move by the government to return him to India to answer for unpaid bank loans.

The 60-year-old businessman, who is also a lawmaker in the upper house of Parliament, flew out of the country last month and is reportedly in London.

Mallya owes a consortium of primarily state-owned banks 90 billion rupees (1.3 billion dollars) in loans taken out for his Kingfisher Airlines that collapsed in 2012.

He offered to repay part of his debts by September, but that offer was rejected by the banks.

Mallya's passport was revoked after having considered his response to a notice issued earlier, External Affairs Ministry spokesman Vikas Swarup said on Twitter.

The ministry was consulting legal experts on how Mallya can be deported, as his stay in Britain is now illegal.

India’s Enforcement Directorate, which probes financial crimes, asked last week for the government to arrange for Mallya’s deportation.

Separately, an Indian court has issued an arrest warrant for Mallya after he failed to appear before the Enforcement Directorate investigating the finances.

The flamboyant industrialist, known for his lavish lifestyle, jets, parties and yacht also has a stake in Force India F1 team. He is thought to be staying at his sprawling mansion near London, Indian media report.

Last update: Sun, 24/04/2016 - 11:04
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