India on Sunday revoked the passport of liquor baron Vijay Mallya, currently believed to be in the United Kingdom.
A spokesman for India’s Ministry of External Affairs said authorities have every intention of bringing Mallya back to the country to prosecute him in connection with over $1 billion in debt to various banks, the Indian Express newspaper reports.
“We are considering steps for Mallya’s deportation,” the spokesman, Vikas Swarup, said on Friday.
The 60-year-old billionaire, often referred to as the “King of Good Times” for his lavish lifestyle, has a business empire worth billions that includes a Formula 1 team and a franchise in the glitzy Indian Premier League cricket tournament. He is also the chairman of a conglomerate that owns the globally famous Kingfisher beer.
Mallya is facing criminal proceedings over his now-defunct Kingfisher Airlines, for which he took loans from several banks before the airline folded in 2012.
He reportedly left India in early March, a few days before the banks requested India’s top court to stop him leaving the country. He has denied that he went overseas to avoid the charges against him.