India’s Enforcement Directorate announced on Monday that a court in Mumbai has granted its request for an arrest warrant to seek Mallya. The agency wishes to question him about allegations that a $135,000 loan from the IDBI bank was used to buy property overseas. Mallya’s UB Group put out a statement saying that the warrant was “unjustified,” saying that it would provide details to account for the money.
Last week, India suspended Mallya’s diplomatic passport at the request of the Enforcement Directorate. The tycoon left India on March 2 and has been in England ever since