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The Curious Case of Vijay Mallya: Kingfisher, Guarantees & the Veil of Law

June 26, 2025

Last week, Raj Shamani dropped a bombshell of a podcast featuring an hour-long conversation with Vijay Mallya, the former business tycoon whose fall from grace has been a topic of extensive debate in Indian public discourse. Amidst reflections and rebuttals, Mr. Mallya made one particularly striking claim: “Vijay Mallya has not borrowed a single rupee...