[6][7] He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.

[8] The son of a businessman who was also in the alcoholic beverages business, Mallya is the former chairman of United Spirits, the largest spirits company in India, and continues to serve as chairman of United Breweries Group, an Indian conglomerate with interests including beverage alcohol, aviation infrastructure, real estate, and fertilizer.

[9] Mallya was also the founder and former owner of defunct Kingfisher Airlines and former co-owner of the Force India Formula One team before it went into administration.

[9] The son of businessman Vittal Mallya, he became the chairman of United Breweries Group in 1983 at the age of 28, following his father's death.

[30][31] As of October 2013, it had not paid salaries to its employees for 15 months, had lost its licence to operate as an airline, and owed more than US$1 billion in bank loans.

[27][32] In March 2016, a consortium of banks approached the Supreme Court of India to stop Mallya from going abroad due to the pending money his companies owed them.

This was issued in response to a plea by the Enforcement Directorate on 15 April before the special court hearing cases under the Prevention of Money Laundering Act, 2002.

[42] This is one of the largest attachment of assets made by the ED in a Prevention of Money Laundering Act case till now.

[43] The ED also decided to send letters rogatory (LR) to the US, the UK and Europe requesting them to assist it in attachment of Mallya's over ten foreign assets.

[1] Once called the "King of Good Times" due to his extravagant lifestyle, Mallya and his companies have been embroiled in financial scandals, and controversies since 2012.

[52] The 17 banks added a joint petition at the Supreme Court of India in March 2016 to try to prevent Mallya from leaving the country, but the Indian government indicated that he had already left.

The Enforcement Directorate of India also filed a money laundering case against him in March 2016 for allegedly sending abroad some ₹9 billion (US$100 million) that had been loaned to his airline.

[52] On 24 April 2016, the Ministry of External Affairs (India) revoked Mallya's passport,[57][58] and he resigned from the Rajya Sabha on 2 May 2016, the day before their Ethics Committee was prepared to recommend his expulsion.

[61] On 13 June 2016, the Prevention of Money Laundering Act (PMLA) court declared Mallya a "proclaimed offender" on a request by the Enforcement Directorate (ED) in connection with its money laundering probe against him in an alleged ₹90 billion (US$1.0 billion) loan default case.

[64][65] On 18 April 2017, Mallya was arrested by the UK Metropolitan Police extradition unit "on behalf of the Indian authorities in relation to accusations of fraud", and was released on bail pending further consideration of the case.

On 16 June 2018 Vijay Mallya was ordered to pay £200,000 (₹18.1 million) to Indian banks by a United Kingdom court.

He was also asked to pay money towards registration of worldwide freezing order and of Karnataka's Debt Recovery Tribunal (DRT).

[73] UBS went to court in 2018, seeking to evict Mallya, his son Sidhartha and his mother Lalith from Cornwall Terrace.

[76] In April 2020, the plea file by Vijay Mallya against his extradition to India was rejected by London High court.

Mallya had filed an appeal in the UK Supreme Court earlier in month of May 2020 in the wake of losing an appeal in the London High Court against an extradition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines.

[78][79] However, in October 2020 the Indian government was notified that Mallya could not be currently extradited due to an unspecified "confidential legal matter".