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

The 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.

Read more: https://www.oneindia.com/india/did-mally...

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