Indian government has ‘changed mind’ about beer tycoon’s assets

Tewin

  The Indian government complained a beer tycoon’s assets had been inflated, then changed its mind to say they were undervalued, a court heard today (thurs). Vijay Mallya, 61, faces fraud charges in India after his airline collapsed with an estimated $1.3billion of debts. He fled to Britain in March 2016 after Kingfisher Airlines failed due to enormous unpaid loans, bills and wages five years ago. Clare Montgomery, QC, asked Paul Rex, an Indian finance expert, to examine the report…

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