Mallya, known for his flashy lifestyle, is accused in India of conspiracy to defraud, making false representations and money laundering offenses.
India's embattled tycoon Vijay Mallya was released on bail after police arrested him on an extradition request from India, where he is accused of fraud. Indian authorities say his defunct Kingfisher Airlines owes debtors $1.4 billion.
India suspends diplomatic passport of Vijay Mallya who left country amid pressure from lenders to repay about $1.4 billion in debt
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