Set to be declared fugitive economic offender, how Mallya used Rs 3,700 cr to fund IPL and F1 team


img_0051The Enforcement Directorate on Monday charged former liquor baron Vijay Mallya and his two firms for fraudulently “diverting” over Rs 3,700 crore bank loan funds to a UK-based F1 motorsport firm, a T20 IPL team, and for enjoying private jet sorties.

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Author: Vicky Nanjappa

just a reporter

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