SEBI Bans Vijay Mallya From Trading In India's Securities Market

The Indian government has been trying to extradite Mallya, 68, who lives in Britain, to face charges of fraud resulting from the collapse of his defunct company Kingfisher Airlines.

SEBI on Friday barred business tycoon Vijay Mallya from trading in the country's securities market and from associating with any listed company for three years.

The Indian government has been trying to extradite Vijay Mallya, 68, who lives in Britain, to face charges of fraud resulting from the collapse of his defunct company Kingfisher Airlines.

Vijay Mallya, who also co-owned the Formula One motor racing team Force India until 2019, has denied all wrongdoing.