Obvious that Indian banks broke rules for Mallya: UK court
A UK court has said it was "blindingly obvious" that Indian banks broke rules while sanctioning some loans to Vijay Mallya's Kingfisher Airlines. It asked the Indian authorities to explain the case against the bank officials involved saying that it relates to "conspiracy" against Mallya. The court further called the case a "jigsaw puzzle" with different pieces of "massive evidence".