Mallya Loses U.K. Lawsuit Over $1.55 Billion in Indian Claims
Vijay Mallya, founder and chairman of defunct Kingfisher Airlines (Photographer: Chris Ratcliffe/Bloomberg)

Mallya Loses U.K. Lawsuit Over $1.55 Billion in Indian Claims

(Bloomberg) -- Indian tycoon Vijay Mallya lost a U.K. lawsuit filed by Indian banks seeking to collect more than 1.15 billion pounds ($1.55 billion) amid allegations that he committed massive fraud.
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