UK court refuses release of substantial funds for Vijay Mallya's legal fees

London/IBNS: A court in the UK has refused to release 2.8 million pounds of the estimated 2.9 million pounds held with the Court Funds Office (CFO) under the UK's Insolvency Act 1986, petitioned by fugitive liquor tycoon Vijay Mallya, said media reports.

Wish PSU banks bailed out Kingfisher too like Jet: Vijay Mallya

New Delhi, Mar 26 (UNI): Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said on Tuesday that he was happy to see that PSU banks have bailed out Jet Airways and lamented that the same PSU Banks let 'India’s finest airline with the best employees and connectivity fail ruthlessly'.