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More trouble for Vijay Mallya: UK's Serious Fraud Office to launch probe

Investigators probing alleged use of several firms by Mallya to launder money from India to the UK and further to Switzerland and other countries

Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing arrives at Westminster Magistrates Court in London.
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Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing arrives at Westminster Magistrates Court in London.

BS Web Team New Delhi
In what could lead to more trouble for fugitive businessman Vijay Mallya, whose extradition India has been seeking in loan default and money-laundering case, now Britain’s Serious Fraud Office (SFO) has also begun a probe against the beleaguered liquor baron.
 
According to a Times of India reportBritish investigators are probing the alleged use of a complex web of companies by Mallya to launder money through an indirect route – from India to the UK and further to Switzerland and other countries.
 
The report also mentions that SFO is gathering considerable evidence about Mallya’s movable and

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