38.6c New Delhi, India, Wednesday, April 17, 2024
Business

CBI Can Bring Mallya Back To India

By LawStreet News Network      10 December, 2018 12:00 AM      0 Comments
CBI Can Bring Mallya Back To India

UK Court Extradites Liquor Baron Vijay Mallya.

A court in the U.K. today i.e., December 10, 2018, has ordered the extradition of fugitive billionaire Vijay Mallya to India.

The businessman wanted in India on charges of fraud and money laundering amounting to around Rs 9,000 crore,  appeared before the Westminster Magistrates' Court in London where his extradition trial is listed for judgment.

Chief Magistrate Judge Emma Arbuthnot ruled that Mallya can be extradited to India to stand trial on the charges brought by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). The judge referred the extradition case to Secretary of State.

The 62-year-old former Kingfisher Airlines boss, before heading to the UK court for the verdict, said that “My offer [to repay the principal amount] is not bogus.”

“I want to disprove the narrative that I have stolen [the money],” Mallya added.

Further, Mallya also said that whatever the judgment, his legal team will reveal the judgment and take proper steps thereafter.

India has been seeking Mallya’s extradition on charges of fraud and money laundering. He has been on bail since his arrest on an extradition warrant in April last year.

Mallya has contested his extradition on the grounds that the case against him is "politically motivated" and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat. His defence team, led by Clare Montgomery also deposed a series of experts in an attempt to prove that the erstwhile Kingfisher Airlines' alleged default of bank loans was the result of business failure rather than "dishonest" and "fraudulent" activity by its owner.

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.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

to-uphold-presumption-of-guilt-under-section-29-pocso-act-foundational-facts-must-be-proved-reiterates-delhi-hc
Trending Judiciary
To uphold presumption of guilt under Section 29 POCSO Act, foundational facts must be proved, reiterates Delhi HC [Read Judgment]

Delhi High Court reiterates that to uphold the presumption of guilt under Section 29 of the POCSO Act, the prosecution must prove the ‘foundational facts’ beyond reasonable doubt.

16 April, 2024 12:54 PM
baba-ramdev-acharya-balkrishna-offer-to-make-public-apology-in-sc-for-misleading-advertisements
Trending Judiciary
Baba Ramdev, Acharya Balkrishna offer to make public apology in SC for misleading advertisements

Baba Ramdev and Acharya Balkrishna offer public apology in SC for misleading ads, court deliberates acceptance.

16 April, 2024 01:57 PM

TOP STORIES

sc-sets-aside-judgment-upholding-arbitral-award-against-dmrc
Trending Business
SC sets aside judgment upholding arbitral award against DMRC [Read Judgment]

Supreme Court overturns arbitral award favoring Reliance Infrastructure subsidiary against DMRC, citing grave miscarriage of justice.

11 April, 2024 11:43 AM
delhi-hc-rejects-third-plea-for-arvind-kejriwals-removal-as-delhi-cm-blasts-petitioner-for-abuse-of-judicial-process
Trending Political NEWS
Delhi HC rejects third plea for Arvind Kejriwal's removal as Delhi CM, blasts petitioner for abuse of judicial process [Read Judgment]

Delhi High Court dismisses the third PIL plea before it seeking Aam Aadmi Party leader Arvind Kejriwal’s removal as Chief Minister of Delhi, imposes Rs. 50,000 cost on petitioner.

11 April, 2024 03:29 PM
use-of-social-media-to-interfere-with-administration-of-justice-needs-serious-consideration-sc
Trending Judiciary
Use of social media to interfere with administration of justice needs serious consideration: SC [Read Judgment]

Supreme Court warns against social media misuse in legal matters, cautions against prejudicial posts interfering with justice.

11 April, 2024 05:44 PM
two-day-conference-on-april-on-technology-and-dialogue-between-sc-and-singapore
Trending Legal Insiders
Two-day conference on April 13-14 on Technology and Dialogue between SC and Singapore

Explore AI's role in law at the India-Singapore Supreme Court conference on technology, enhancing judicial processes and access to justice, April 13-14, 2024.

12 April, 2024 06:16 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email