Ex-Billionaire Mallya Near Extradition After Losing Appeal
- Appeal court finds Mallya has case to answer over fraud charge
- ‘King of Good Times’ had been fighting extradition from U.K.
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Former billionaire Vijay Mallya lost a U.K. appeal to block his extradition to India, putting the fallen tycoon one step closer to facing fraud and money-laundering charges in his home country.
A London court upheld a 2018 ruling to send him back to India over allegations that Mallya made a number of misrepresentations leading to the 2012 collapse of his company, Kingfisher Airlines Ltd.