Jaitley confident of Vijay Mallya's extradition to India

Cornelia Mascio
Aprile 21, 2017

Mallya was arrested under an extradition warrant issued by the Indian authorities.

Earlier in February, the Indian government had handed over a formal request for the fugitive industrialist's extradition to the UK High Commission, saying it had a legitimate case against him in on charges of financial irregularities and loan default.

Hours after business tycoon Vijay Mallya was arrested in London by Scotland Yard on India's request and released on bail, the Congress tore into the BJP government asking why it did not seek his deportation. Mr. Mallya was scheduled to appear at a London court on Tuesday, the police said in a statement.

He had spent a few hours in custody by the time UB officials rushed to salvage the situation and post bail in the wee hours of next morning.

Vijay Mallya is no stranger to parties, there were also reports that he was watching the Formula 1 races from his home while he was under house arrest for infamous reasons.

Khurshid said the arrest was only a part of the procedure required to further the extradition process.

He was produced before the Westminster Magistrates' Court today and was later granted bail. "Mallya extradition will act as an important test case", the source said.

This case relates to the loan default of Rs 9,000 crore.

Recently Mallya created headlines after his Kingfisher Villa in Goa was sold to film production company Viiking Media & Entertainment, which is owned by actor-businessman Sachiin S Joshi after third attempt.

On February 8, India had submitted a formal request for Mallya's extradition as per the Extradition Treaty signed between India and United Kingdom via a note verbale. And this is probably how bank employees must be feeling now Vijay Mallya, who fled India in 2016, is wanted for loan fraud and faces charges of money-laundering in India.

Meanwhile, Finance Minister Arun Jaitley today said investigative agencies are doing their best to ensure extradition of Mallya. This is followed by an extradition hearing following which the final decision is taken by the Secretary of State.

And the 61-year-old multi-millionaire, who co-owns the Silverstone-based Force India F1 team, claims the latest development did not come as a surprise to him.

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