Arrest warrant against Mallya withdrawn
19 October, 2012
Oct.19 (GMM) The arrest warrant against Force India team boss and business tycoon Vijay Mallya has been withdrawn.
With the sport now set to travel to the billionaire’s native country for the Indian Grand Prix, it emerged last weekend that Mallya faced arrest there after cheques issued by his ailing airline Kingfisher Airline had bounced.
But reports on Thursday said Hyderabad International Airport withdrew the case because Kingfisher has since agreed to pay the debt.
Indian reports said that the case involved a sum of about $2 million.
“The case has been withdrawn,” a lawyer for the airport is quoted by the Press Trust of India.
Subbed by AJN.
Related posts:
- Mallya faces arrest in India over bounced cheque
- Force India boss Mallya grounds his troubled Kingfisher airline
- Hulkenberg denies Mallya crisis to sink Force India
- Mallya’s Kingfisher airline $1 billion in debt
- Mallya reportedly selling Force India
