Indian court issues non-bailable arrest warrant against tycoon Vijay Mallya

A Mumbai court on Monday (April 18) issued a non-bailable warrant for arrest of embattled liquor baron Vijay Mallya, who has left Indian with creditors stepping up pressure to recover about $1.4 billion owed by his defunct Kingfisher Airlines.

The latest court verdict came after the Enforcement Directorate (ED), a government agency fighting financial crime, accused Mallya’s United Breweries (UB) Group of using 4.3 billion rupees ($65 million) of bank loans to Kingfisher Airlines to buy...

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