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India Revokes Business Tycoon Mallya's Passport

India has revoked the passport of businessman Vijay Mallya, who left India last month owing more than $1 billion to Indian banks. The flamboyant tycoon's passport had been suspended last week. He was given a week to explain why his passport should not be revoked. The Foreign Ministry revoked Mallya's passport Sunday, based on Mallya's reply and evidence from India's Enforcement Directorate, a government agency fighting financial crime. Mallya's financial...

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