Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / People/  Vijay Mallya gets bail in extradition case from UK court
BackBack

Vijay Mallya gets bail in extradition case from UK court

Vijay Mallya, wanted in India for Kingfisher Airlines loan defaults worth Rs9,000 crore, claims he has 'enough evidence' to plead his extradition case

Vijay Mallya has been in the UK since March 2016 and was arrested by Scotland Yard on an extradition warrant on 18 April. Photo: MintPremium
Vijay Mallya has been in the UK since March 2016 and was arrested by Scotland Yard on an extradition warrant on 18 April. Photo: Mint

London: Vijay Mallya, the embattled tycoon who is wanted in India on loan defaults to several banks, on Tuesday claimed that he has “enough evidence" to plead his case as a UK court granted him bail until 4 December. The 61-year-old former chief of erstwhile Kingfisher Airlines appeared before Westminster Magistrates’ Court here for his extradition case hearing.

Chief Magistrate Emma Louise Arbuthnot granted bail to Mallya until 4 December. The next hearing has been set for 6 July. “I have not eluded any court...I have enough evidence to prove my case," Mallya told reporters outside the court. “I don’t make statements to the media because anything I say is twisted. There is enough evidence, that will speak," he said.

“I go to cheer India in a cricket match and it becomes a media frenzy. It’s better I don’t say anything," he added. Britain’s Crown Prosecution Service (CPS) presented the case in court on behalf of the Indian authorities. Mallya’s defence team, which is being led by the firm Joseph Hague Aaronson LLP, said a second extradition request is expected from the Indian government.

The CPS had met a joint team of Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) officials in London last month to thrash out details of the case. A CBI official has also flown in from Delhi for the hearing on Tuesday. “Our aim is to build a strong, infallible case and these meetings will help resolve issues across the table.

The CPS will be arguing based on documents provided by CBI and ED, therefore a joint team is here to address queries they may have," official sources had said after the meeting held in early May. Last week, Mallya was welcomed with chants of “chor, chor" by Indian cricket fans as he arrived to watch the India vs South Africa Champions Trophy match at The Oval cricket ground in London.

Earlier, he had caused a stir by his attendance of the India vs Pakistan match in Birmingham after which he had declared on Twitter that he would be attending all India matches in the ongoing ICC Champions Trophy. Mallya, who is wanted in India for Kingfisher Airlines’ default on loans worth nearly Rs9,000 crore, has been in the UK since March 2016 and was arrested by Scotland Yard on an extradition warrant on 18 April.

He had attended a central London police station for his arrest and was released on conditional bail a few hours later after providing a bail bond worth 650,000 pounds, assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents.

An initial case management hearing date of May 17 had been postponed to 13 June. If the District Judge rules in favour of extradition at the end of the trial, the UK home secretary must order Mallya’s extradition within two months of the appropriate day. However, the case can go through a series of appeals before arriving at a conclusion.

India and the UK have an Extradition Treaty, signed in 1992, but so far only one extradition has taken place under the arrangement—Samirbhai Vinubhai Patel, who was sent back to India last October to face trial in connection with his involvement in the post-Godhra riots of 2002. However, unlike Mallya, he had submitted to the extradition order without legal challenge.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Jun 2017, 06:51 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie