Non-bailable warrant of arrest issued against Vijay Mallya

A special court in Mumbai on Monday issued non-bailable warrant of arrest against liquor baron Vijay Mallya on an appeal by the enforcement directorate (ED).

The ED, an government agency fighting financial crime, made the money-laundering allegation against UB Group before a court, and has sought a non-bailable warrant against Mallya , a UB Group spokesman said in a statement late on Sunday.

Embattled tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 4.3 billion ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas.

Mallya, a liquor baron and lawmaker, has been at an unknown location since March 2 after Kingfisher's creditors stepped up pressure to recover the $1.4 billion they are owed.