The 61-year-old liquor baron, wanted in India on charges of fraud and money laundering allegedly amounting to around Rs. 9,000 crore, was in the dock at Westminster Magistrates’ Court for his defence.
The CBI and the ED were today the focus of severe attacks from liquor baron Vijay Mallya's defence team which accused the agencies of getting influenced by political pressure.
The 61-year-old, wanted in India on charges of fraud and money laundering amounting to around Rs 9,000 crores, was in the dock at Westminster Magistrates' Court for his defence, headed by barrister Clare Montgomery.
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 detailed "three chapters of dishonesty" by the former Kingfisher boss -- the first being misrepresentations to various banks to acquire the loans, then how he misused the money and finally his conduct after the banks recalled the loans.
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 and the UK have an Extradition Treaty dating back to 1992 but so far only one extradition has taken place from the UK to India under the arrangement.
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, who has been in self-imposed exile in the UK since March 2016 when he left India, is wanted in India on charges relating to his defunct Kingfisher Airlines defaulting on loans from various Indian banks amounting to Rs 9,000 crore.
In a statement before a UK court, Vijay Mallya said that he has been a political victim like Robert Vadra and Virbhadra Singh.
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.
India will soon convey to a British court that fugitive liquor baron Vijay Mallya will not face any threat to his life in jail, if extradited in connection with a Rs 9,000 crore loan default, officials said.
A Delhi court on Wednesday initiated the process to declare beleaguered businessman Vijay Mallya as a proclaimed offender for allegedly evading summons in a FERA violation case.
Enforcement Directorate today approached a Delhi court seeking to declare beleaguered businessman Vijay Mallya a proclaimed offender in a case of allegedly evading summons in a FERA violation matter.
The disclosures about the firms and those associated with them or their promoters would be looked into for any irregularities including about corporate governance and disclosure norms, officials said.
The ruling by the Judges at Westminster Magistrates' Court in London come just weeks before the hearing in the extradition case against Mallya begins on November 20.
Sources said the probe agency has red-flagged a slew of violations of companies law by Mallya, Kingfisher Airlines and officials, including serious corporate governance lapses
Loan defaulter, beleaguered liquor baron, proclaimed offender – there are several adjectives associated by the director of the now defunct Kingfisher Airlines Vijay Mallya
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