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ED finally Charge Sheets Mallya

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Vijay Mallya

[vc_row][vc_column][vc_column_text]Acted after embarrassment at London Court

Amidst being embarrassed in London’s Westminster Court for not providing evidence even after six months, Enforcement Directorate on Wednesday filed charge sheet in the Rs. 900-crore money laundering case against Vijay Mallya and eight others in Mumbai court.

The investigating agency has called Mallya the “Prime Mover of the entire plot” and described how funds obtained through loans were allegedly routed illegally including “substantial payments” to the Formula-1 car racing event abroad.

The charge sheet will now be submitted before the London Court, where Mallya’s extradition case is pending. The next hearing is scheduled on July 6.

ED finally Charge Sheets MallyaThe accused persons, apart from Mallya, include senior employees and executives of the now defunct Kingfisher Airline (KFA) and IDBI Bank. Investigations had found that Mallya and KFA along with IDBI Bank officials “criminally conspired to obtain funds to the tune of Rs. 860.92 crore despite weak financials, negative net-worth, non-compliance of corporate credit policy of new client, non-quality collateral security and low credit rating of  the borrower, out of which Rs. 807.82 crore of principal amount remains unpaid.”

The ED had registered a criminal case under Prevention of Money Laundering Act (PMLA) and has attached assets worth over Rs. 9,600 crore till now. The money trail analysis revealed that out of the total loan of Rs. 860.92 crore sanctioned and disbursed by IDBI Bank, Rs. 423 crore has been remitted out of India. The said payments were shown to be made towards aircraft rental leasing and maintenance, serving and spare parts, the charge sheet said.

On Wednesday, Emma Arbuthnot, The Chief Magistrate of Westminster Magistrates’ Court was quoted as saying, “…are Indians normally very prompt in their responses? They have taken six months so far and we haven’t got any further forward in the past six weeks.”

Mallya, before appearing in the court on that day told the Indian journalists, “I have not eluded any court… I have enough evidence to prove my case.” He taunted Indian authorities, “You can keep dreaming about billion pounds. I don’t make statements to the media because anything I say is twisted. There is enough evidence that will speak.”

Vijay Mallya, the beleaguered liquor baron and owner of the defunct Kingfisher Airline has been in the UK since March 2016. He was arrested by the Scotland Yard on an extradition warrant on April 18.

However, he was granted bail by the court the same day. His bail was extended last Wednesday till December 4, the day when final proceedings are expected. The Central Bureau of Investigation (CBI) is also investigating the case.[/vc_column_text][/vc_column][/vc_row]

Latest world news

Magnitude 7 earthquake strikes Russia’s Kamchatka Peninsula

A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday. The initial report placed the earthquake at a depth of 140 kilometres.

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earthquake-tremors

A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday, October 16, according to the European-Mediterranean Seismological Centre (EMSC).

The initial report placed the earthquake at a depth of 140 kilometres (approximately 87 miles). Details about the impact of the earthquake, including any damage or casualties, were not immediately available in the initial report.

Earthquake strikes seismically active Kamchatka region

Russia’s Kamchatka Peninsula is a seismically active region where earthquakes occur because of tectonic activity.

The latest earthquake was reported by the EMSC, which provided the initial magnitude and depth estimates. Further information about the situation on the ground was not available in the initial report.

What is known so far

  • Location: Kamchatka Peninsula region, Russia
  • Magnitude: 7.0
  • Date: Friday, October 16, 2026
  • Reported depth: 140 kilometres
  • Casualties and damage: Not provided in the initial report

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S Jaishankar says India is a natural option for Russia amid Europe tensions

External Affairs Minister S Jaishankar said India remained a natural option for Russia as Moscow increasingly turned towards Asia amid strained relations with Europe. He highlighted the continuity of India-Russia ties and their significance for the balance of power in Asia.

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External Affairs Minister S Jaishankar has described India as a natural option for Russia as Moscow increasingly looks towards Asia amid deteriorating relations with Europe. He said India’s longstanding relationship with Russia had remained steady despite significant changes in the international strategic landscape.

Jaishankar made the remarks during a conversation with John Micklethwait, editor-in-chief of the Bloomberg New Economy Forum. He discussed how the Russia-Ukraine war had affected Moscow’s relationship with Europe and contributed to Russia’s growing focus on Asia.

Jaishankar highlights Russia’s shift towards Asia

Jaishankar said Russia’s relationship with Europe had become deeply strained following the Ukraine war. He noted that Russia had historically viewed itself as a European country and placed considerable importance on its relations with Europe and the United States.

However, the conflict had pushed Moscow to look increasingly towards Asia,with much of that shift directed towards China.

The minister said it was in India’s interest, as well as the wider world’s interest, for Russia to maintain multiple relationships in Asia rather than having its options concentrated in one direction.

Against this backdrop, he described India as a natural partner for Russia, pointing to the longstanding nature of the relationship between the two countries.

India-Russia ties remain steady despite global changes

Jaishankar said India and Russia had maintained a consistent relationship over several decades. He emphasised that New Delhi continued to engage with Moscow even as the global order and Russia’s strategic calculations evolved.

According to the minister, India was reassuring Russia that the relationship built over nearly eight decades remained steady despite the changes in Moscow’s relations with Europe and the wider West.

He stressed that India was not passing a value judgment on those changes but was continuing its bilateral engagement with Russia.

Jaishankar said the relationship had benefited both countries and contributed to the balance of power and the broader status quo in Asia. 

Why the relationship matters for Asia

Jaishankar’s remarks highlighted India’s position in Russia’s changing regional outlook. As Moscow increasingly turns towards Asia, India continues to maintain its longstanding ties with Russia while navigating a changing international environment.

The minister’s comments underscored the importance he placed on preserving India-Russia ties and ensuring that Russia maintained multiple relationships in Asia. 

His assessment came against the backdrop of strained Russia-Europe relations following the war in Ukraine, which has reshaped Moscow’s engagement with Western countries and increased its focus on Asian partners.

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Putin praises PM Modi, says he has very good ideas on Ukraine war

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for repeatedly raising the need to end the Ukraine war, describing his ideas for a settlement as “very good”.

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Vladimir Putin

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for his continued efforts to promote an end to the Russia-Ukraine war, saying the Indian leader has “very good ideas” aimed at finding a mutually acceptable solution.

Putin made the remarks while addressing the Valdai Forum of international Russia experts, where he spoke about Modi’s repeated efforts to raise the issue of ending the conflict.

What Putin said about PM Modi

Putin said Modi has continued to raise the question of ending the conflict despite the close and friendly relationship between India and Russia.

According to Putin, the Prime Minister has shown a strong interest in finding a solution and has ideas that could help identify mutually acceptable ways to resolve the conflict.

Putin also described India’s position as neutral while highlighting Modi’s interest in bringing the conflict to an end through peaceful means.

The Russian president expressed gratitude to Modi for his ideas and his desire to see the conflict end as soon as possible.

Modi’s position on the Ukraine war

PM Modi has repeatedly called for dialogue and diplomacy to resolve conflicts, including during his meetings with Putin.

During their September 11 meeting in New Delhi, Modi reiterated that dialogue and diplomacy are the way forward for resolving conflicts.

Modi had also told Putin during their meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek that the situation needed to move from “endless war” towards an end to the war.

India has consistently maintained that conflicts should be addressed through dialogue and peaceful means, with Modi previously describing the present period as not being an era of war.

The Russia-Ukraine conflict began in February 2022 and has continued despite repeated diplomatic efforts to seek a resolution.

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