Published: Fri, April 21, 2017
Business | By Max Garcia

India in touch with the United Kingdom on Mallya extradition issue: MEA

As the extradition process now starts in Mallya's case, the CBI and Indian High Commission will present its case, said a government functionary. Within hours, a court granted him bail. "He was arrested after attending a central London police station and will appear at Westminster Magistrates' Court".

Following Mallya's arrest, the Scotland Yard issued a statement saying that the absconding businessman was arrested on behalf of the Indian authorities in relation to accusations of fraud.

"The Indian Government has done a good job to get Vijay Mallya back to India, as they had followed all the legal procedures properly".

They are whether the person is at risk of the death penalty; whether special arrangements are in place; whether the person concerned has previously been extradited from another country to the United Kingdom and the consent of that country to his onward extradition is required; and whether the person has previously been transferred to the United Kingdom by the International Criminal Court.

Mallya fled to Britain in March 2016 after being pursued in courts by Indian banks seeking to recover Rs 8,191 crore owed by his now defunct Kingfisher Airline.

The conditional bail has been granted after taking Rs 5.4-crore bond and under stiff terms, as is the case with most financial crimes. Despite multiple injunctions, Mallya failed to appear before investigators - and then flew out of India.

Scotland Yard on Tuesday arrested Vijay Mallya and produced him in a Wensminster court acting upon the CBI's extradition request.

A day after brief arrest of liquor baron Vijay Mallya, wanted in India for defaulting on over Rs 8,000 crore in bank loans, the Enforcement Directorate (ED) has chose to visit the United Kingdom.

The loan, granted in September 2004, was reviewed in February 2008.

His arrest came after a Delhi court had issued an open-ended non-bailable warrant against Mallya in connection with the 1995 FERA violation case.

Sources said that in the case of Mallya, based on criminal investigations initiated by the CBI in July 2015, the Enforcement Directorate (ED) initiated investigations under the Prevention of Money Laundering Act (PMLA) in January 2016. A consortium of 17 banks led by the State Bank of India had alleged that the loans were not repaid since 2012.

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