London: The Westminster Magistrates’ Court here on Monday ordered to extradite fugitive tycoon Vijay Mallya to India in connection with charges of fraud and money laundering amounting to around Rs 9,000 crore.
Delivering the verdict, Westminster Magistrates’ Court Chief Magistrate Judge Emma Arbuthnot said that there was no sign of a false case being mounted against him.
Sources said, the UK Home Secretary will have to sign Vijay Mallya’s extradition order within two months. However, Mallya’s defence team has a chance to appeal in higher courts in the UK against the verdict.
The Central Bureau of Investigation (CBI) has welcomed the UK court’s decision to extradite Vijay Mallya.
“We hope to bring him back 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,” said CBI spokesperson
“No one who cheats India will go scot-free,” tweeted Union Finance Minister Arun Jaitley
Great Day for India. No one who cheats India will go scot free.
The Judgement of UK’s Court is welcome. An offender benefited during the UPA. The NDA brings him to book.— Arun Jaitley (@arunjaitley) December 10, 2018
Mallya left India in 2016 after a consortium of banks got together to start legal proceedings to recover the loans. He has been living in a mansion near London since.
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