UK Clears Vijay Mallya’s Extradition; Liquor Baron Says Will File An Appeal
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.
After the decision was handed down on December 10,2018 by the Westminster Magistrates Court, I stated my intention to appeal. I could not initiate the appeal process before a decision by the Home Secretary. Now I will initiate the appeal process.
— Vijay Mallya (@TheVijayMallya) February 4, 2019
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.”
Modi Government clears one more step to get Mallya extradited while Opposition rallies around the Saradha Scamsters.
— Arun Jaitley (@arunjaitley) February 4, 2019
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.