Vijay Mallya Charged In Loan Default Case - CBI

MUMBAI: Central Bureau of Investigation (CBI) on Tuesday charged Vijay Mallya, the liquor and aviation tycoon, with having misappropriated a Rs 9 billion ($132 million) loan granted by a government-owned bank, a CBI spokesman said. Mallya moved to Britain in March last year after being pursued in courts by banks seeking to recover about $1.4 billion owed by his defunct Kingfisher airline. The Indian authorities had sought ways to h...