Published: Tue, February 05, 2019
Global News | By Blake Casey

Vijay Mallya extradition cleared

Vijay Mallya extradition cleared

The British government has signed an order to extradite Indian liquor and aviation tycoon Vijay Mallya, the UK's Home Office said in a statement on Monday.

UK Home Secretary Sajid Javid had signed the order to have Mallya extradited on 3 February and had given him 14 days to appeal.

While sharing details of the latest development, Government sources said that the completion of the legal process is awaited for the extradition of the fugitive liquor baron.

The 63-year-old businessman, who fled India in March 2016, had lost a legal challenge against his extradition in a British court in December.

Javid, UK's senior-most Pakistani-origin minister, had two months from that date to sign on that order.

The Ministry of External Affairs (MEA) has cautiously reacted to the Home Secretary's order, apparently aware that Mallya is allowed to appeal twice in the United Kingdom court system before all decks for his extradition to India are cleared.

"Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offenses".

Mallya is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore in debt accumulated by Kingfisher Airlines-a full-service carrier he founded in 2005 until it shut seven years later.

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Mallya has 14 days from today to apply for leave to appeal.

Vijay Mallya leaves after his extradition hearing at Westminster Magistrates Court, in London, Britain, December 10, 2018.

The hearing resumes with Mallya's defence claiming his offer to pay back almost 80 per cent of the principle loan amount owed to the Indian banks, led by State Bank of India, had been rejected.

Mallya had last week tweeted that his group's assets "worth over 13,000 crores" had been attached by the consortium of banks to which he owes the money.

According to reports, Mallya will be lodged in one of the high-security barracks located in a two-storey building inside the prison complex, which also housed 26/11 Mumbai attack terrorist Mohammad Ajmal Kasab, a prison official said.

Mallya won't be brought back to the country immediately. I could not initiate the appeal process before a decision by the Home Secretary.

The opposition has accused the BJP-led government of aiding and abetting fugitive tycoons like Mr Mallya, celebrity jeweller Nirav Modi and his aide Mehul Choksi.

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