Wednesday, October 21, 2020

Fugitive businessman Vijay Mallya loses another appeal in UK Court against extradition


Fugitive businessman Vijay Mallya on Thursday inched closer towards his extradition from the UK to India over charges of financial fraud, as the London High Court rejected his appeal to move the UK Supreme Court against his extradition, which was sought after by India on account of alleged fraud and money laundering charges amounting to Rs 9,000 crores.

Mallya’s extradition was ordered in December 2018 by the Westminster Magistrate’s Court in London 2019, and was then signed off on by then UK Home Secretary Sajiv Javid in 2019, who noted that the multi-millionaire was “accused in India of conspiracy to defraud, making false representations and money-laundering offences”. Since then, Mallya has attempted to challenge the decision in court.

Last month, the London High Court rejected his appeal against extradition, noting that there was a “prima facie case both of misrepresentation and of conspiracy…and of money laundering”.

Following this, Mallya was left with no option but to issue a request to appeal to the Supreme Court. This request was just rejected, on the grounds that his case was not deemed a “point of law of general public importance”.

- Advertisement -

The Crown Prosecution Service (CPS), rejected his appeal on all three points: To hear oral submissions, to grant a certificate on the questions drafted by his defence team, and to grant permission to appeal to the Supreme Court. The decision, by judges Stephen Irwin and Elisabeth Laing,

Now, under the India-UK Extradition Treaty, the UK Home Office will have to formally certify the court order for Mallya, 64, to be extradited to India within 28 days.

Mallya’s legal team had sought to challenge the Indian government’s case on multiple grounds, including whether their client would be safe at Barrack 12 in Arthur Road Jail in Mumbai where he is to be held on extradition.

Mallya could also attempt to approach the European Court of Human Rights on the grounds that his human rights could be at risk if he is extradited to India, but the CPS has said that “the removal process, however, can continue until such time as it is stayed by the ECHR”.

- Advertisement -

Mallya fled India in 2016 after his erstwhile company, Kingfisher Airlines, was accused of taking out loans to the tune of Rs 9,000 crore which he allegedly had no intention of repaying.

Mallya has repeatedly said that he is willing to repay the entire amount the airlines had borrowed from the banks. However, banks have not been willing to take him up on his offer, nor has the Enforcement Directorate been willing to release his seized assets.


Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...

Goldman to pay over $2 billion in DOJ’s 1MDB Probe

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Latest News

This Week

U.S appeal court upholds conviction of former Senator Jon Woods in bribery case

The 8th Circuit Court of Appeals upheld the conviction of former Republican Sen. Jon Woods for a bribery and kickback scheme. That decision also upheld the...

Billionaire Robert Smith admits to evading taxes for 15 years

Billionaire Robert Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist...

Former North Macedonia PM linked to new money laundering probe

The Organised Crime Prosecution in North Macedonia on Monday confirmed the arrest of Risto Novacevski – the best man of fugitive ex-prime minister Nikola...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks