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Hyderabad Court issues non-bailable warrants against Vijay Mallya

Hyderabad: Trouble seems to be mounting on beleaguered industrialist Vijay Mallya, a Hyderabad Court has issued non-bailable warrant against Vijay Mallya and defunct company Kingfisher Airlines' Chief Financial Officer A Raghunath. The court has orde

India TV Business Desk [ Updated: March 15, 2016 15:08 IST ]
Vijay Mallya
Image Source : PTI Vijay Mallya

Hyderabad: Trouble seems to be mounting on beleaguered industrialist Vijay Mallya, a Hyderabad Court has issued non-bailable warrant against Vijay Mallya and defunct company Kingfisher Airlines' Chief Financial Officer A Raghunath.

The court has ordered police to produce them before it on April 13 while issuing the warrants.

The warrants were issued after GMR Hyderabad International Airport filed a petition seeking vijay Mallya's prosecution for defaulting on payments and cheating the company by issuing cheques that bounced.

The decision in this regard was pronounced by 14th Additional Chief Metropolitan Magistrate GS Ramesh Kumar.

The warrants were issued on March 10 after GMR Hyderabad International Airport filed a petition seeking Mallya's prosecution for defaulting on payments and cheating the company by issuing cheques that bounced.

Earlier, In an email interview with The Sunday Guardian, Mallya said,"Loan defaults are a business matter. When the banks give out loans, they know the risk involved. They decide, we don’t." He claimed that the banks gave him loans after evaluating all aspects

Alleging media for portryaing him like a villain, Mallya said,"Most of the big media houses are running a whole lot of lies about me. Speculations rule the papers. TV channels claim to have information about me from their sources. It’s a big agenda that some people are pushing against me.I am being victimised."

On being asked about his plans to return, Mallya said that he said that the time is not right for his return as he has already been branded a criminal.

He further raised doubts whether he would get a fair chance to present his side if he returns.

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