vijay mallya case

 Here’s an updated overview of the Vijay Mallya case as of June 2025:

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🎙️ 1. Recent Public Appearance & Comments

• After 9 years in silence, Mallya appeared on a 4-hour podcast with Raj Shamani. He:

  • Accepted responsibility for Kingfisher Airlines' collapse and apologized to employees .

  • Described himself as a “fugitive,” yet fiercely denied being a “thief” (“chor”), challenging critics with “where is the chori?” 

  • Conditioned his return to India on a guarantee of fair trial and an end to being publicly branded as a thief .

  • Criticized India’s bureaucratic climate, asserting that doing business there is a “myth” and cited needing favors from 29 chief ministers .

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⚖️ 2. Legal Battles & Extradition Status

• The UK’s highest courts rejected Mallya’s appeal against extradition in 2020, yet as of June 2025, he remains in the UK. The extradition process is on hold due to an unspecified confidential legal matter .

• In February 2025, the UK High Court heard appeals against the bankruptcy order, with Indian banks pushing to recover roughly £1.05 billion.

• Under India's PMLA and fraud laws, Mallya faces charges for alleged diversion of ₹3,500+ crore and overall defaulting on ₹9,000+ crore in loans .

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🏛️ 3. Asset Recovery & Enforcement Actions

• The Supreme Court of India sentenced him to 4 months in jail for contempt in 2022 and ordered a $40 m deposit with interest .

• Indian banks, with ED assistance, have recovered approx ₹14,132 crore, exceeding the original ₹6,203 crore debt—prompting Mallya to challenge this in Karnataka HC, claiming over-recovery .

• A CBI court has issued a non-bailable warrant for a ₹180 crore default case tied to Indian Overseas Bank.

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🔁 4. What Lies Ahead

• Extradition: Still pending. The UK government must resolve unspecified legal hurdles before Indian authorities can enforce the 2020 order.

• Bankruptcy appeal: Still under UK court scrutiny; major assets remain tied up.

• Asset recovery: Active in India through ED and banks; Mallya is contesting additional claims.

• Return conditions: Willing to return if India assures a dignified, fair proceedings and halts public defamation.

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📌 Summary Table

Domain	Status
Podcast	Mallya defiant—denies theft, apologizes for business failure.
Extradition	Order upheld; execution stalled by confidential legal issue.
Bankruptcy	UK appeal ongoing; banks claim £1.05B debt.
Asset Recovery	~₹14kCr recovered; EO’s challenge in Bengaluru underway.
CBI Cases	NBW issued in Rs 180 Cr default case.
Contempt	Supreme Court sentence: 4 months jail + $40m fine.

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In short, Mallya remains fugitive in the UK, facing a complex web of legal, financial, and asset recovery cases across both countries. While his exile is unbroken, the extradition order stands, and efforts to repatriate his assets continue. His recent public comments paint him as defensive but somewhat open to returning under very specific conditions.