The Central Bureau of Investigation (CBI) initiated on Monday an extradition request to bring back former liquor baron Vijay Mallya from the United Kingdom through a special court in Mumbai. The investigative agency secured a non-bailable warrant against Mallya, following it with an extradition request from the special court, to competent authorities in the United Kingdom, CBI sources said. CBI, in its October 16, 2015 request to issue a lookout circular, had said if Mallya tried to leave the country, he should be detained at the exit point. Mallya is facing CBI probe for defaulting on repayment of loans of Rs 900 crores taken from IDBI. In total, the former liquor baron owes several banks a total of as much as Rs 9,000 crores.

Source: Hindustan Times November 21, 2016 13:45 UTC