London Court orders extradition of Vijay Mallya to India
London: The Westminster Magistrates’ Court of London today ordered extradition of absconding liquor baron Vijay Mallya to India.
After the extradition order, a CBI spokesperson said, “We hope to bring him soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts and we were confident while pursuing extradition process,” reported ANI.
A defiant Mallya, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores, Monday had sought to disprove the narrative that he has “stolen” money and said his offer to repay the principal amount to the Indian banks was “not bogus”.
Mallya made the remarks while talking to reporters outside the Westminster Magistrates’ Court which delivered its verdict on his extradition after a year-long trial. The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
The embattled liquor tycoon said that the value of his assets is more than enough to pay everybody and that is exactly what he was focusing on.
Mallya had 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.
“I did not borrow a single rupee. The borrower was Kingfisher Airlines. Money was lost due to a genuine and sad business failure. Being held as guarantor is not fraud,” he said in his most recent Twitter post on the issue.
“I have offered to repay 100 per cent of the principal amount to them. Please take it,” he had tweeted earlier.
(With ANI & PTI inputs)