Mallya faces arrest in India over bounced cheque
13 October, 2012
A non-bailable arrest warrant was issued by a Hyderabad court on Friday, relating to cheques issued by his struggling airline Kingfisher that bounced.
The warrant was issued because billionaire Mallya failed to appear for a court hearing.
“The warrant doesn’t mean Mallya is going to be arrested immediately,” a supreme court lawyer is quoted by Bloomberg.
“Cheque bounce is a criminal offense, but it isn’t something that’s out of the ordinary.”