A “confidential legal issue” is stalling the extradition of enterprise tycoon Vijay Mallya, needed in India for defaulting on loans price 1000’s of crores of rupees, from the UK and the federal government is following up with British authorities, the international ministry stated on Thursday.
“We’ve been told that there’s a confidential legal issue which needs addressing, following which Vijay Mallya can be extradited to India. No particular timeline has been indicated to us and we continue to take up this issue with UK authorities,” Ministry of External Affairs spokesperson Anurag Srivastava was quoted as saying by information company ANI.
Vijay Mallya, accused of defaulting on loans price round Rs 9,000 crore involving his now-defunct Kingfisher Airlines, has been within the United Kingdom since March 2016 and has been preventing his extradition to India.
The 64-year-old’s extradition was ordered by a British court docket in May however has been delayed by “secret proceedings” initiated within the nation, the federal government informed the Supreme Court final month.
Vijay Mallya, who denies the costs towards him, has repeatedly stated that Indian banks can take again 100 per cent of the principal quantity owed to them.
His extradition can be an enormous win for Prime Minister Narendra Modi, who has confronted stress from political opponents to convey to justice a number of individuals who have fled India lately to flee prosecution, many for mortgage defaults.
The co-owner of the Formula One motor racing workforce Force India which went into administration in 2018, Vijay Mallya, was nicknamed “the King of Good Times” after the slogan of one among his premium beers and his hard-partying life-style.
(With inputs from businesses)
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