Monday, August 19, 2019 Last Updated 15 Min 1 Sec ago English Edition
Todays E paper
Ads by Google
Monday 10 Dec 2018 12.04 PM

Vijay Mallya's extradition case edges towards ruling

Vijay Mallya, Extradiction

London : Embattled liquor tycoon Vijay Mallya, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores, is set to appear before the Westminster Magistrates' Court here on Monday when his extradition trial is listed for a judgment hand-down.

The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year. He has 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 recent Twitter post on the issue. "I have offered to repay 100 per cent of the principal amount to them. Please take it," the flamboyant businessman tweeted earlier.

While dismissing that his intervention has anything to do with the extradition case, it came just days before Judge Emma Arbuthnot is expected to present her ruling in the case. The trial, which opened at the Magistrates' Court on December 4 last year, has gone through a series of hearings beyond the initial seven days earmarked for it. PTI

Ads by Google
Ads by Google
Loading...
TRENDING NOW