Vijay Mallya, who has been arrested twice on India’s application, is currently out on a bond of 6.5 million pounds.
In the case of Vijay Mallya extradition case, a verdict of Westminster Magistrate will be heard in London on Friday. Mallya has to give logic and evidence against the allegations and evidence imposed within four weeks and after that, the London Court will make its final decision on whether Mallya should be sent to India or not.
Mallya is desirous of fraud in India and Rs 9,000 crore in money laundering case. It is worth mentioning that the hearing on India’s application for extradition of industrialist Vijay Mallya, a fiat settlement deal involving financial irregularities and tax evasion of Rs 9000 crore, is going on from December 4. Vijay Mallya, who has been arrested twice on India’s application, is currently out on a bond of 6.5 million pounds.
India had requested the extradition of this fugitive industrialist from the UK Government in February 2017. In the court cases involving debts of Kingfisher Airlines and debt of various banks, including loans of various banks, the wanted Mallya went to Britain in March 2016. It is believed that this final hearing may be held in the case related to the acceptance of evidence submitted by the Government of India.
The final hearing on the extradition case of fugitive liquor businessman Vijay Mallya has begun in a London court’s Westminster Magistrate’s court. The UK court will pronounce the verdict that 62-year-old Mallya can be handed over to India or not. In India, he is accused in the fraud and money laundering case of nearly Rs 9000 crore rupees. They got bail from the court until May 2. On this basis, he was not obliged to appear on Friday during the hearing.
The British judge, who was hearing the extradition case of wine businessman Vijay Mallya, who did not pay the loan of thousands of crores of rupees to banks, had earlier questioned the functioning of Indian banks. He had said that some Indian banks were breaking the rules to lend to Mallya’s Kingfisher Airlines and this is seen as ‘with closed eyes’.
Judge Emma Arbuthnot of Westminster Magistrates’ Court in London described the whole case as a puzzle, in which many proofs have to be created by adding them together. During that time, the final verdict was announced in May.