‘King of Good Times’ faces extradition to India

A beer tycoon dubbed the ‘King of Good Times’ is facing extradition to India after defaulting on debts of more than $1bn (£785m). Fugitive Vijay Mallya, 62, fled to Britain in March 2016 after Kingfisher Airlines failed due to enormous unpaid loans, bills and wages. The magnate defaulted on huge loans from the state run IDBI bank in India and allegedly misused the funds by rerouting them through the Force India F1 team, Westminster Magistrates’ Court heard. Guarantees were based…