Liquor Baron Vijay Mallya who is wanted in India for alleged default on Rs. 9,000 crore loans for Kingfisher airlines faced a hearing in a Britain court on Monday which ruled that he should be extradited to India. According to News Agency ANI, London’s Westminster Magistrates Court orders the extradition of Vijay Mallya to India. Chief Magistrate Judge Emma Arbuthnot has found prima facie a case against Vijay Mallya for fraud, conspiracy and money laundering.
In March 2016, Banks snipped that he might flee the country and syndicate of banks approached SC to put a ban on Mallya leaving the country. Mallaya, however, had already left the country, taking refuge near London.
Welcoming the Judgement CBI Spokesperson said: “We hope to bring him soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts and we were confident while pursuing the extradition process”
Though, it is expected that Vijay Mallya will approach a higher court.
“I have offered to repay 100 percent of the principal amount to them. Please take it,” he tweeted last week!
I see the quick media narrative about my extradition decision. That is separate and will take its own legal course. The most important point is public money and I am offering to pay 100% back. I humbly request the Banks and Government to take it. If payback refused, WHY ?
— Vijay Mallya (@TheVijayMallya) December 5, 2018
More details to follow!