Story perspectives

Bombay High Court Gives Vijay Mallya Final Chance to Return

By Drooid · Sep 13, 2026, 4:13 AM UTC · How we work

Summary

Story summary

Vijay Mallya says he is legally barred from leaving the United Kingdom.
An Enforcement Directorate affidavit shows Rs 14,131.6 crore recovered and given to banks in 2021.
The Enforcement Directorate says money-laundering charges remain despite the asset recovery.
Bombay High Court criticised Mallya for avoiding proceedings and gave him a final chance to state intent to return.

History

Historical Context

In January 2009, Satyam founder B. Ramalinga Raju resigned after confessing a INR7,000 crore accounting fraud, prompting the Company Law Board to bar the existing board and regulators such as SEBI and ICAI to launch investigations. The scandal’s fallout increased regulatory scrutiny of corporate governance in India and enforcement actions against executives.

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Story summary

Vijay Mallya says he is legally barred from leaving the United Kingdom.
An Enforcement Directorate affidavit shows Rs 14,131.6 crore recovered and given to banks in 2021.
The Enforcement Directorate says money-laundering charges remain despite the asset recovery.
Bombay High Court criticised Mallya for avoiding proceedings and gave him a final chance to state intent to return.

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