Modi's big win... Mallya wil be in Indian jail, thrown out of UK
A court here ruled on Monday that Indian business tycoon Vijay Mallya should be extradited from the UK to India to face fraud charges.
London, Dec 10: A court here ruled on Monday that Indian business tycoon Vijay Mallya should be extradited from the UK to India to face fraud charges. e has 14 days to appeal against the order.The matter of extradition of Vijay Mallya to India has been referred to the Secretary of State. Chief Magistrate Judge Emma Arbuthnot has found prima facie a case against Vijay Mallya for fraud, conspiracy and money laundering.
Following the UK court's order, the Central Bureau of Investigation welcomed the decision.
Earlier in the day, Mallya sought to disprove the narrative that he has "stolen" money and said his offer to repay the principal amount to the Indian banks was "not bogus".
The 62-year-old former Kingfisher Airlines boss was on bail since his arrest on an extradition warrant in April last year.
"My settlement offer is made before the Karnataka High Court. It is not related to this extradition trial. Nobody disrespects a court of law by making a bogus offer. The assets have been attached by the ED so they cannot be bogus assets," he said, asserting that his offer to repay the principal amount was not bogus.
The embattled liquor tycoon said that the value of his assets is more than enough to pay everybody and that is exactly what he was focusing on.
"I want to disprove the narrative that I have stolen (money)," he said.
The trial, which opened at the Magistrates' Court on December 4 last year, has gone through a series of hearings beyond the initial seven days earmarked for it.
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