Indian court issues arrest warrant for Kingfisher chief Vijay Mallya
October 15 , 2012
A court in India’s southern Hyderabad city has issued an arrest warrant for Vijay Mallya, owner of the ailing Kingfisher Airlines.
The warrant relates to a case brought by Hyderabad International Airport after cheques, worth $1.9 million bounced.
The cash-strapped airline has struggled to repay its debts. The money owed was reportedly to cover airport charges.
Legal experts believe it is unlikely that Mallya will be arrested in the near future. He will most probably be summoned to court and is likely to get bail.
The arrest warrant was only issued after Mallya failed to appear in court, despite a summons issued to him after the cheques bounced.
Mallya, the airline's flashy owner, is also an MP in the upper house of the Indian parliament. He is also the chairman of the United Breweries group, India's biggest brewer, which makes Kingfisher beer.