UK Clears Vijay Mallya’s Extradition; Liquor Baron Says Will File An Appeal

The Logical Indian Crew India

February 5th, 2019 / 12:33 PM

UK Clears Vijay Mallya

Image Credit: Live Law

Vijay Mallya, India’s first fugitive economic offender, is soon going to be extradited to India as the British Government has cleared his extradition process.

The move comes two months after he had lost a legal challenge against his extradition in a London court and was declared as a defaulter. On February 3, UK Home Secretary Sajid Javid, after careful consideration of relevant matters, signed the extradition order of Vijay Mallya.


Mallya has 14 days to appeal

Mallya now has 14 days to appeal against the extradition and in his recent tweet, he assured that he would initiate the appeal process.



While Indian government welcomed the UK’s decision and reacting to the development, Union Minister Arun Jaitley tweeted “Modi government clears one more step to get Mallya extradited while Opposition rallies around the Saradha scamsters.”



Mallya has in the past been called as the ‘King of Good Life’. He was a successful businessman and politician. He had an estimated net worth of $1.2 billion. He was the chairman of multiple companies such as the United Breweries Group and Kingfisher airlines. He also owned the Formula-1 team, Force India, and the Indian Premier League team, the Bangalore Royal Challengers. He has been a former Rajya Sabha member of parliament in India.

Now, he has become India’s first fugitive economic offender and escaped to UK after defaulting on Indian bank loans worth Rs 9,000 crore that he had taken for the now-defunct Kingfisher Airlines. He has been living in UK since 2016 on bail and fighting against criminal charges for defaulting and money-laundering.

His monetary affairs are being investigated by India’s Central Bureau of Investigation and Enforcement Directorate. Mallya’s assets worth Rs 13,000 crore have been seized by the CBI, on this, he questioned justice in India. He tweeted he ran away with the claimed amount of Rs 9000 crore but Indian government seized his assets worth Rs 13000 crore.

In February last year, India formally asked for his extradition. Earlier this year, “after breaking a long silence” Mallya had written a letter to Prime Minister Narendra Modi stating that he is making all his efforts to settle his dues to banks. However, he had been made the “Poster Boy” of bank default and a lightning rod for public anger by media channels. He further said that he did not get any response from the government of his letter.

According to a report of Hindustan Times, India may soon receive the details of Mallya Swiss Bank account.


Also Read: UK Court Orders Vijay Mallya’s Extradition To India


Contributors

Written by : Akansha Soni (Intern)

Edited by : Poorbita Bagchi

Share your thoughts..

Related Stories

UK Court Orders Vijay Mallya’s Extradition To India

Mallya Offers To Repay Loan

“I Am Offering To Pay Back 100%. Please Take It,” Says Vijay Mallya

UK Court Allows Indian Banks To Sell Vijay Mallya’s Properties To Recover Bad Loans Worth $1.45 billion

After Vijay Mallya, Nirav Modi Leaves India After Allegedly Swindling Rs 11,360 Cr From PNB

Vijay Mallya

Don’t Have Records Of Vijay Mallya’s Loans, Says Finance Ministry In Response To An RTI

Vijay Mallya

Appointment Of ‘Tainted’ CBI Special Director Used By UK Professor To Discredit CBI To Save Vijay Mallya

Latest on The Logical Indian

Get Inspired

[Watch] “Show Me Your Strength By Lifting Somebody Up”: Obama Busts Myths Around Masculinity

News

ICICI-Videocon Case: CBI Issues Look Out Notice Against Chanda Kochhar, In Case She Tries To Leave The Country

Exclusive

In The Age Of Big Data: Karnataka’s Helavaru Community Preserves Ancestral Bloodline One Family At A Time

Get Inspired

Suit Yourself On The Runway: This Group Of Transgenders From Kolkata Are Tailoring Their Own Clothes

News

Week After Pulwama Attack, Home Ministry Approves Free Air Travel For Paramilitary Forces In Jammu & Kashmir

News

Public Sector Banks Write Off Loans Worth Rs 41,000 Crore; SBI Writes Off Rs 10,000 Crore Loan

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.