Fugitive businessman Vijay Mallya cannot be extradited to India anytime in the foreseeable future as a legal issue needs to be resolved, British High Commission spokeswoman recently told sources.
"There is another legal issue that needs to be addressed before the extradition of Mr. Mallya can be planned. Under the law of the United Kingdom, extradition cannot take place until it is addressed," the spokesperson said.
The spokesman added that the issue was confidential and "we can't go into details."
"We cannot estimate how long this issue will take to resolve. We are seeking to deal with this as quickly as possible," she stated.
The UK High Commission confirmed, offering further clarification, that the extradition status is subject to no change yet.
Mr.Mallya is wanted in India in the Rs 9,000 crore loan default case involving 17 banks. He has defrauded a minimum of 17 Indian banks, drawing loans which he allegedly routed to realize full or partial stake in about 40 companies abroad.
After losing an appeal within the London tribunal on 20th April 2020, against an extradition order to India, he filed an appeal within the UK Supreme Court last month which was further rejected.
In his appeal, he had offered to repay 100% of his loan dues to the Central Government provided the case against him was closed. Mr.Mallya, however, said that his repeated offers to repay his dues were ignored by the Modi government.
Earlier, the Central Bureau of Investigation (CBI) in a statement had said that the united kingdom supreme court order to extradite Mr.Mallya was a "milestone" within the agency's look for excellence and a reminder that economic offenders facing probes in large value frauds cannot consider themselves above the process.
"The decision of the UK High Court to order the extradition of Mallya is a milestone in CBI's quest for excellence and a reminder that economic offenders, facing probes in large value frauds, cannot consider themselves above the process merely because they have changed jurisdictions."A CBI spokesperson had earlier said in a statement.
The judgment also vindicated the "painstaking investigation" by the CBI, especially since Mr.Mallya had raised various issues with reference to the admissibility of evidence, the fairness of the investigation itself, and extraneous consideration with a view to "divert attention" from his acts, the spokesperson further revealed.
Moreover, the CBI official said that the removal of Mr.Mallya was looked for to confront trial for offenses of cheating, criminal scheme and mishandle of official position by government servants, wherein Mr.Mallya confronted affirmations of planning with public servants and insincerely swindling the IDBI Bank to the degree of Rs 900 crores.
The CBI had recorded a charge sheet against Mr.Mallya earlier on January 24, 2017, following which he was captured by the United kingdom officials on April 20, 2017.