News By/Courtesy: Athul Joseph | 04 Jun 2020 20:00pm IST

HIGHLIGHTS

  • Last month, Vijay Mallya lost his appeals in the UK Supreme Court against his extradition to India to face money laundering and fraud charges
  • Mallya is scheduled to be extradited in 11th June
  • It is not yet clear if Vijay Mallya has made an asylum claim

Indian business tycoon Vijay Mallya was accused of defrauding a consortium of Indian banks by close to Rs 9,000 crore and deals with indictments of illegal tax avoidance and criminal connivance among others. With the current legal conundrum being prevalent Vijay Mallya may escape his extradition to India for some time more as he is out on bail in England he currently trying to curb the extradition process.

A spokesperson from the British High Commission stated that However, there is a further legal issue that needs resolving before Mr. Mallya’s extradition can be arranged. Under United Kingdom law, extradition cannot take place until it is resolved. The issue is confidential and we cannot go into any detail”. In May, Vijay Mallya lost his final appeal in the high court to thwart his extradition to India and since he has lost all legal remedies and will be extracted to India in 28 days.

According to few reports, Vijay Mallya may seek political asylum and as per the treaty between India and United Kingdom the process of extradition should be carried out 28 days after the individual has exhausted all his legal remedies, and in case of Vijay Mallya, the deadline is June 11th. If Mallya seeks political asylum it would be a breather to him as it will stop the UK home secretary from singing the extradition papers. India wants to bring back the 64-year-old businessman, whose interests have ranged from aviation to liquor, over Rs 9,000 crore in loans Kingfisher took out from banks which the authorities argue he had no intention of repaying. Vijay Mallya denies the charges against him and is currently on bail. He has repeatedly said that Indian banks can take back 100 percent of the principal amount owed to them.

Indian business tycoon Vijay Mallya was accused of defrauding a consortium of Indian banks by close to Rs 9,000 crore and deals with indictments of illegal tax avoidance and criminal connivance among others. Mallya was also accused of laundering the loan he took from seventeen different banks for kingfisher airlines and diverted the same to several other businesses including the formulae one team which he bought. Most of his properties were attached to recover some portion of 9000 crores and the court has declared him as a fugitive. Mallya fled the country on 2nd March 2016.

THIS ARTICLE DOES NOT INTEND TO HURT THE SENTIMENTS OF ANY INDIVIDUAL, COMMUNITY, SECT, OR RELIGION ETCETRA. THIS ARTICLE IS BASED PURELY ON THE AUTHOR'S PERSONAL VIEWS AND OPINIONS THE EXERCISE OF THE FUNDAMENTAL RIGHT GUARANTEED UNDER ARTICLE 19(1)(A) AND OTHER RELATED LAWS BEING  FORCE IN INDIA FOR THE TIME BEING. 

Section Editor: Pushpit Singh | 04 Jun 2020 22:38pm IST


Tags : Asylum extradition Vijay Mallya

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