SBI wants Vijay Mallya arrested

India’s liquor baron Vijay Mallya has been in a good few controversies in the recent past, and being declared as a wilful defaulter by Punjab National Bank and United Bank of India might just be one of them.

However, State Bank of India, country's largest lender, has decided to deal with him hands on. SBI has reportedly approached the Debt Recovery Tribunal (DRT) seeking the arrest of Vijay Mallya so that loans to Kingfisher Airlines, which was once promoted by the liquor baron can be recovered.

Not only an arrest, SBI also wants his passport to be impounded and a complete disclosure of his personal assets. The move has come after Mallya struck a $75-million deal with Diageo to exit United Spirits and relocate to the UK.

The CBI has charged on lenders for not taking timely action against the defaulter, which helped the company "divert funds and destroy evidence".

"Despite our repeated requests, the banks did not file a complaint with the CBI. We had to register the case on our own." Regretting that only "one among the 17 lenders" had declared Kingfisher a "wilful defaulter", CBI Director Anil Sinha said.

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