Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and has challenged his extradition once again asked the Indian banks to take back 100 per cent of the principal amount owed to them.
Fugitive diamantaire Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, is set to appear before a UK court for his customary 28-day remand hearing on Thursday.
London's Westminster Magistrates Court on Monday ordered extradition of embattled liquor tycoon Vijay Mallya to India.
The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
The extradition hearing of beleaguered liquor baron Vijay Mallya at the Westminster Magistrate’s Court in central London entered the second day on Tuesday.
The CPS admitted that there may have been "irregularities" in the internal processes of the banks sanctioning some of those loans but that would be a question to be dealt with at a later stage in India.
Beleaguered liquor baron Vijay Mallya on Monday reiterated that the charges levelled against him were “false, fabricated and baseless”.
India's case to bring back the 61-year old businessman will be represented through the Crown Prosecution Service (CPS) of the British government.
Vijay Mallya, the beleaguered businessman wanted in India on account of loan defaults to several banks, appeared in London's Westminster Court for the pre-trial hearing of the extradition case on Monday.
The hearing of the extradition case of absconding businessman Vijay Mallya in the Metropolitan Magistrates Court in London has been concluded. The next hearing in the case will be held on July 6
London, Mar 20: Former IPL commissioner Lalit Modi has been declared bankrupt in a London court over unpaid bills of 65,000 pounds (Rs 53 lakh approx) owed to a private security firm. According to a
London, Jan 23: Tottenham manager Harry Redknapp has appeared in a London court at the start of his trial for alleged tax evasion relating to his time in charge of Portsmouth.The 64-year-old Redknapp was in
London, Nov 3: Three Pakistan cricketers and an agent were sent to prison in Britain on Thursday for their involvement in one of the biggest fixing scandals to tarnish the sport.Former captain Salman Butt received
Court of Protection set up two years ago in Britain has taken control of more than £3.2billion of assets belonging to mentally ill old persons who have not made a 'living will', The Mail, London
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