Histopedia

Vijay Mallya is an Indian businessman and former politician who is best known for his ownership of the now-defunct Kingfisher Airlines. He was also the chairman of the United Breweries Group and held a number of other business interests.

Mallya has been embroiled in several controversies, including:

1. Kingfisher Airlines’ debt crisis: The airline accumulated massive debts and was eventually grounded in 2012.
2. Bank loan default: Mallya is accused of defaulting on loans worth over ₹9,000 crores from various Indian banks.
3. Money laundering and fraud: Mallya is facing charges of money laundering and fraud in India and is currently living in the UK, where he is fighting extradition to India.

Mallya’s business empire has been significantly diminished, and he is currently facing several legal challenges.