Press "Enter" to skip to content

Setback for Vijay Mallya: UK High Court rejects his plea in opposition to extradition to India

The two-member bench of the Royal Courts of Justice in London, dismissed the enchantment in a judgment handed down remotely resulting from Coronavirus lockdown.

Former Kingfisher boss Vijay Mallya on Monday misplaced an enchantment in a British High Court in opposition to his extradition order to India. The embattled liquor tycoon is looking at a jail time period in India if the Indian authorities extradite him over prices of fraud and cash laundering. The listening to within the British excessive court docket was a results of his enchantment in opposition to the extradition request, based on News company PTI. Mallya left India in 2016 for the United Kingdom, after claiming that he wished to be nearer to his youngsters, who have been already within the United Kingdom. A complete of 17 banks are searching Mallya for an alleged sum of Rs 9,000 crore.

The two-member bench of the Royal Courts of Justice in London, dismissed the enchantment in a judgment handed down remotely resulting from Coronavirus lockdown. “We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India,” the bench of Lord Justice Stephen Irwin and Justice Elisabeth Laing dominated.

Mallya, after fleeing India has repeatedly expressed his willingness to pay the cash again to Indian banks. He has typically made the system a scapegoat for his incapability to pay again the cash. The 64-year outdated was arrested in 2017 by the UK Metropolitan police on behalf of Indian authorities. He is on bail since then.

Get dwell Stock Prices from BSE and NSE and newest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and observe us on Twitter.

Financial Express is now on Telegram. Click right here to hitch our channel and keep up to date with the newest Biz information and updates.



Source hyperlink

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: