Vijay Mallya
| Vijay Mallya | |
|---|---|
Mallya in 2009
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| Member of Parliament, Rajya Sabha | |
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In office 1 July 2010 – 2 May 2016 |
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In office 10 April 2002 – 9 April 2008 |
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| Constituency | Karnataka |
| Personal details | |
| Born |
Vijay Vittal Mallya 18 December 1955 Kolkata, West Bengal, India |
| Nationality | Indian |
| Political party | Independent |
| Spouse(s) |
Sameera Tyabjee Mallya (m. 1986; div. 1987) Rekha Mallya (m. 1993) |
| Children |
Siddharth Mallya Leanna Mallya Tanya Mallya |
| Parents |
Vittal Mallya (Father) Lalitha Ramaiah Mallya (Mother) |
| Residence | London, England, UK |
| Occupation | Businessman and Politician |
| Religion | Hinduism |
| Signature |  |
Vijay Vittal Mallya (born 18 December 1955) is an Indian businessman and politician. The son of businessman Vittal Mallya, he is the ex-chairman of United Spirits Ltd, the largest spirits company in India and continues to serve as Chairman of UB Group, an Indian conglomerate with interests in beverage alcohol, aviation infrastructure, real estate and fertiliser among others. He has been the Chairman of Sanofi India (previously known as Hoechst AG and Aventis) as well as the Chairman of Bayer CropScience in India for over 20 years, in addition to being the Chairman of several other companies. He recently announced that he shall retire from the chairmanship of Sanofi India.
Once called the "King of Good Times" due to his extravagant lifestyle, Mallya and his companies have been embroiled in financial scandals, and controversies since 2012. Mallya left India on 2 March 2016 after saying he wanted to move to Britain to be closer to his children. A group of 17 Indian banks are trying to collect approximately ₹9,000 crore (US$1.4 billion) in loans which Mallya has allegedly routed to gain 100% or a partial stake in about 40 companies across the world. Investigative agencies, like Income Tax Department and Central Bureau of Investigation for charges including financial fraud and money laundering, and the Attorney General said that Mallya's assets abroad are "far in excess to loans taken by him". The 17 banks added a joint petition at the Supreme Court of India in March 2016 to try to prevent Mallya from leaving the country, but the Indian government indicated that he had already left. The Enforcement Directorate of India also filed a money laundering case against him in March 2016 for allegedly sending abroad some ₹900 crore (US$140 million) that had been loaned to his airline. On 24 April 2016, the Ministry of External Affairs (India) revoked Mallya's passport, and he resigned from the Rajya Sabha on 2 May 2016, the day before the Ethics Committee of the Rajya Sabha was prepared to recommend his expulsion. Currently the Enforcement Directorate is seeking Interpol to raise an international arrest warrant against Mallya. Also, the High Court of Judicature at Hyderabad issued a non-bailable warrant against Mallya on 13 March 2016 for his failure to appear in the court regarding an allegation of cheating the GMR Hyderabad International Airport Ltd by issuing them a dishonoured cheque for ₹50 lakh (US$77,000).
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