Independent MP and liquor baron Vijay Mallya, whose passport has been revoked by the government, on Monday resigned as Rajya Sabha MP. This comes a week after the Rajya Sabha's ethics committee decided to unanimously expel Mallya from Parliament.
Mallya has said that the Indian government will not be able to recover any money from him by taking his passport or arresting him. The committee had given him a week's time to explain his conduct in the default on bank loans in excess of Rs. 9,000 crore extended to his Kingfisher Airlines Ltd.
The government had revoked the passport of Mallya, who is believed to be in the UK after leaving India on March 2. Rajya Sabha membership of Mallya as an independent lapses on 30 June 2016.