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England's High Court

Massive setback for Vijay Mallya; tycoon loses $1.55 bn

Massive setback for Vijay Mallya; tycoon loses $1.55 bn

Wed, May 09, 2018

Embattled liquor tycoon Vijay Mallya, undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities, today lost a lawsuit filed by 13 Indian banks in the UK High Court seeking to collect from him more than USD 1.55 billion.

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