.

Indian Court Issues Arrest Warrant for Marinscope Newspapers Owner

The warrant stems from claims by the Hyderabad International Airport that an airline owned by Vijay Mallya, who has a house and a classic car collection in Sausalito, bounced $1.9 million in checks.

An Indian court has issued an arrest warrant for business tycoon and Marinscope newspapers' owner Vijay Mallya, according to the BBC.

The warrant was issued for Mallya and four other directors of Kingfisher Airlines for not appearing in court on claims the company bounced $1.9 million in checks issued to GMR Hyderabad International Airport, the BBC reported.

Mallya, 56, is a member of the upper house of Indian parliament, as well as the chairman of the United Breweries group, India's largest brewing company, which makes Kingfisher beer. He owns a slew of entities across the globe, including the Mendocino Brewing Company and ForceIndia Formula 1 racing team.

Mallya also owns Marinscope Community Newspapers, a chain of weekly newspapers in Marin that includes the Mill Valley Herald, Novato Advance, Ross Valley Reporter, Twin Cities Times, Sausalito Marinscope and San Rafael-Terra Linda News Pointer.

Mallya reportedly owns homes all over the world, including one in Sausalito, as well as the Mallya Collection Private Car Museum, a facility in Sausalito that houses his collections of classic sports and racing cars.

Mallya launched Kingfisher Airlines in 2005 to much fanfare, becoming India's largest airline at one point. But it "has long been a money loser weighed down by debts, unable to pay its airport dues or fuel bills," Forbes reported. The airline grounded its fleet on Oct. 1 after some workers went on strike to protest months of unpaid wages.

As of March 2012, Mallya's net worth was an estimated $1 billion, according to Forbes.

See what else is happening in San Rafael:

  • Kellogg's Frosted and Unfrosted Mini-Wheats Recalled for Metal Fragments
  • Woman Trapped for Four Hours After Car Accident on Lucas Valley Road
  • How to Watch the Orionids Meteor Shower 2012
  • Police Investigate 15 Burglaries in Peacock Gap and Glenwood Neighborhoods
  • Pedestrian was Outside of Crosswalk During Fatal Car Accident

"Like" us on Facebook | Follow us Twitter | Get "Patched" in with our newsletter | Start a blog

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something