UK approves Vijay Mallya extradition to India

[ShahKhan007]

The heavily indebted Indian drinks baron, Vijay Mallya, has left the country, the supreme court heard on Wednesday, as banks lined up to try to recover more than $1bn in unpaid loans.

A group of mainly state-run banks had asked the supreme court to prevent the flamboyant businessman, once nicknamed “India’s Richard Branson”, from quitting the country.

But the attorney general, Mukul Rohatgi, who appeared in court for the consortium of banks, said the 60-year-old had left on 2 March after stepping down as chairman of United Spirits, the Indian arm of Britain’s beverage giant, Diageo, following allegations of financial lapses. “Agencies and the CBI [Central Bureau of Investigation] have told me he left the country on the second of March,” Rohatgi told the court. “Please ask Mr Mallya to come back and appear in the supreme court and disclose all his assets.”

Rohatgi said the state was not looking to take action against Mallya, who is thought to be in London, but wanted him to settle debts worth more than $1.3bn.

Mallya announced last month he planned to move to Britain to be closer to his children. But in an emailed statement to media on Sunday he said he had no plans to run away from his creditors and was hurt the press was painting him “as an absconder”.

Mallya was known as the “King of Good Times” before the 2012 collapse of his Kingfisher Airlines, which left thousands of workers unemployed and millions of dollars in unpaid bills.

As his beverages business flourished during the early 2000s he diversified into other areas and in 2005 launched Kingfisher Airlines, named after his company’s best-known beer.

His profile rose further when he acquired a stake in the Force India formula one team and ownership of the Royal Challengers Bangalore cricket team. His fortune reached a peak of $1.6bn in 2007, according to Forbes.

But he was unable to stop Kingfisher from haemorrhaging cash, and following a pilots’ strike over unpaid wages, the airline was grounded in 2012 having never made a profit.

The consortium of mainly state-run banks seeking action against Mallya had also sought his arrest and the confiscation of his passport. But the debt recovery tribunal and the High Court in southern India, where a separate petition has also been filed, have yet to rule on those requests.

The court said it would issue a notice seeking a response from the businessman on the repayment of the loans.

Calls by to Mallya’s mobile and those of his representatives went unanswered on Wednesday.

http://www.theguardian.com/world/20...s-mogul-vijay-mallya-leaves-country-owing-1bn

 

[Thivagar]

Kingfisher is the worst beer I've tasted, I don't know how this guy made money selling garbage beer. I thought this was selling the best beer in South Asia. Check out the rating on this garbage beer.

LOL what happens to RCB now ?

 

[street cricketer]

Iyyaayiram kodi...

Epdi..

Iyyaayiram kodi... [MENTION=137677]Thivagar[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

 

[Thivagar]

Iyyaayiram kodi...

Epdi..

Iyyaayiram kodi... [MENTION=137677]Thivagar[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

Remember Thalaiva's open credits ? It was full of political leaders, and their quotes. They tried to compare vigay with all of them

 

[JaDed]

Its confirmed now how much ever governments talk they are all for the "rich".

 

[sensible-indian-fan]

Kingfisher is the worst beer I've tasted, I don't know how this guy made money selling garbage beer. I thought this was selling the best beer in South Asia. Check out the rating on this garbage beer.

LOL what happens to RCB now ?

Then you haven't tasted Kalyani.

My friends say its the most GALEEJ beer.

Iyyaayiram kodi...

Epdi..

Iyyaayiram kodi... [MENTION=137677]Thivagar[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

Silrai kaasu machan.

 

[iHammad]

lol so is he not going to attend RCB matches?

 

[Moh@n]

Then you haven't tasted Kalyani.

My friends say its the most GALEEJ beer.



Silrai kaasu machan.

Yes Kalyani is GALEEJ but the kick that it gives is unbeatable

And lol @ Silrai kaasu. Maybe for him, not for us. It's 1000 crores man!

 

[karthikc]

lol so is he not going to attend RCB matches?

He will watch it on TV in London with Lalit Modi

 

[anuk]

Are there any honest people associated with the ipl?

 

[Adijazz1706]

RCB going to be banned surely?

 

[Thivagar]

Then you haven't tasted Kalyani.

My friends say its the most GALEEJ beer.



Silrai kaasu machan.

They don't sell that here. Liquor stores here are franchised like stores owned by our provincial government. There is one every 4-5 km. Me and my friends try different types of beer all the time. Kingfisher, Lion Stout and Victoria Bitter. Lion Stout has the best rating among all but it was too bitter for my liking, the "experts" gave it 98. King Fisher was just lame man, no wonder it is one of the worst rated beer, VB was like typical any western Beer that is more watered down. I prefer Corona. The best beers are always locally made, small company beers, they put alot of effort into theirs and they are cheap too. Talking about Beer, never drank beer in about 2 weeks, this Friday night might be the day. Beer, Chili Chicken, Wings are the bomb. Maybe If I ever come to India, I'll try few .

What kind of Hard Liquor you guys drink ? [MENTION=45893]streetcricketer [/MENTION][MENTION=137142]JaDed[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

 

[JaDed]

They don't sell that here. Liquor stores here are franchised like stores owned by our provincial government. There is one every 4-5 km. Me and my friends try different types of beer all the time. Kingfisher, Lion Stout and Victoria Bitter. Lion Stout has the best rating among all but it was too bitter for my liking, the "experts" gave it 98. King Fisher was just lame man, no wonder it is one of the worst rated beer, VB was like typical any western Beer that is more watered down. I prefer Corona. The best beers are always locally made, small company beers, they put alot of effort into theirs and they are cheap too. Talking about Beer, never drank beer in about 2 weeks, this Friday night might be the day. Beer, Chili Chicken, Wings are the bomb. Maybe If I ever come to India, I'll try few .

What kind of Hard Liquor you guys drink ? [MENTION=45893]streetcricketer [/MENTION][MENTION=137142]JaDed[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

Only Bacardi White rum mate that too occasionally,BTW Bullet is the worst beer here absolute trash.

 

[sensible-indian-fan]

They don't sell that here. Liquor stores here are franchised like stores owned by our provincial government. There is one every 4-5 km. Me and my friends try different types of beer all the time. Kingfisher, Lion Stout and Victoria Bitter. Lion Stout has the best rating among all but it was too bitter for my liking, the "experts" gave it 98. King Fisher was just lame man, no wonder it is one of the worst rated beer, VB was like typical any western Beer that is more watered down. I prefer Corona. The best beers are always locally made, small company beers, they put alot of effort into theirs and they are cheap too. Talking about Beer, never drank beer in about 2 weeks, this Friday night might be the day. Beer, Chili Chicken, Wings are the bomb. Maybe If I ever come to India, I'll try few .

What kind of Hard Liquor you guys drink ? [MENTION=45893]streetcricketer [/MENTION][MENTION=137142]JaDed[/MENTION] [MENTION=134809]sensible-indian-fan[/MENTION]

Teetotaler.

 

[TM Riddle]

Only Bacardi White rum mate that too occasionally,BTW Bullet is the worst beer here absolute trash.

I take it you haven't had godfather and thunderbolt yet?

 

[cricketjoshila]

RCB is owned by UNITED SPIRITS.A listed company of which Diageo owns 50%.

 

[cricketjoshila]

I take it you haven't had godfather and thunderbolt yet?

Zingaro is worse.

 

[sshakir411]

The Kingfisher beer you get outside India is the crap stuff that is bottled in some UK brewery. The real one you get in India is a lot better.

But in any case, the real beers are Belgian and Belgian only. Everything else is just silly imitation. The worst are Carling, Fosters, Bud and the other horse **** that is sold in the name of beer in English speaking countries.


The only decent beer that comes from an English speaking country is Guiness.

+1 to Belgian beer.

on topic, vijay comes across as a smart business man...hope this does not affect Force India...but if it does I hope Aston Martin jumps in and buys them out...or maybe Audi

 

[Thivagar]

RCB is owned by UNITED SPIRITS.A listed company of which Diageo owns 50%.

Need more explanation. So we won't be seeing this Malya guy and his chota beta during RCB games ?

 

[Thivagar]

Only Bacardi White rum mate that too occasionally,BTW Bullet is the worst beer here absolute trash.

Teetotaler.

Never heard of Bullet beer. I was surprised to see Corona add in Thangamagan, thought advertising alcohol was banned in India?

 

[The Last Of The Stars]

Kingfisher is the worst beer I've tasted, I don't know how this guy made money selling garbage beer. I thought this was selling the best beer in South Asia. Check out the rating on this garbage beer.

LOL what happens to RCB now ?

How does a beer taste? Don't drink it, not healthy.

 

[The Last Of The Stars]

Does he still own RCB team?

 

[gani999]

My friend had one in India, he said it tastes the same. The one in India has more %. The one we get is less bitter and with less aclohol content.

I have had few Belgian beers, they all taste alike. I prefer Corona to be honest. That is my taste. I hate Heineken lol.

Corona is what teenagers use to get initiated into beer. With the lemon in it is more like juice, than anything in the alcohol line.

And if you say that all Belgian beers are alike you aren't a beer connoisseur, sorry

Belgian beers are the most distinctive. Each one has its own special taste and feel.

 

[Thivagar]

Corona is what teenagers use to get initiated into beer. With the lemon in it is more like juice, than anything in the alcohol line.

And if you say that all Belgian beers are alike you aren't a beer connoisseur, sorry

Belgian beers are the most distinctive. Each one has its own special taste and feel.

We are talking about beers here, we haven't gone to the big bad boys yet

Suggest me a few.

 

[aukhan]

Are there any honest people associated with the ipl?

Shahrukh and Juhi

 

[Gabbar Singh]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Huge victory for India: UK court orders <a href="https://twitter.com/hashtag/VijayMallya?src=hash&ref_src=twsrc%5Etfw">#VijayMallya</a>'s extradition <a href="https://t.co/fxHpVWI22A">https://t.co/fxHpVWI22A</a></p>— EconomicTimes (@EconomicTimes) <a href="https://twitter.com/EconomicTimes/status/1072104238568914944?ref_src=twsrc%5Etfw">December 10, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[tonmoy]

So technically I am close to a billion dollar richer than Vijay Mallya...

 

[GBK_Fan]

Foolish from Mallya to run to the UK in the first place. Also when are we getting bankruptcy laws in India. We got rid of the British but cannot get rid of British era policies

 

[Madplayer]

I bet Mallya wishes he had gone to Uganda. Too late mate. Sharpen your teeth to chew stones in the special daal in Jail.

 

[MenInG]

Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled.

The extradition ruling will be passed to the Home Secretary for approval.

Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more than $1bn (£785m).

He denies "fleeing" from India, and says he made an "unconditional" offer to pay back the sum in full in July.

Mr Mallya attended Westminster Magistrates Court for the hearing.

Following the hearing, Mr Mallya declined to say if he would appeal against the ruling.

"My legal team will be reviewing the judgment in detail and determining the next steps forward," he said.

Vijay Mallya: India's most controversial businessman?
India's 'King of Good Times' to learn fate
The businessman's fall from grace is being avidly tracked in India, where he was once listed as one of India's wealthiest people.

Mr Mallya built his fortune from Kingfisher beer, before branching out into Indian cricket and Formula 1 racing. He set up the now defunct Kingfisher Airlines in 2005.

He faces a raft of charges relating to financial irregularities at Kingfisher Airlines. His monetary affairs are being investigated by India's Central Bureau of Investigation and the Enforcement Directorate, which handles financial crimes.

Nick Vamos, partner at Peters & Peters and former head of extradition at the Crown Prosecution Service, said the court decision was "a hugely significant judgment for the Indian government".

"Although Mr Mallya failed to convince the court that his prosecution was politically motivated, the Indian authorities pulled out all of the stops to achieve this result and undoubtedly will try to make political capital from it back home.

"However, they would be wise not to be too triumphalist as Mr Mallya has 14 days to appeal to the High Court, who might look askance at excessive gloating in the meantime," he added.

https://www.bbc.com/news/business-46506824

 

[Swashbuckler]

Great news, hopefully Lalit Modi, Nirav Modi and Choksi follow Mallya very soon on the plane to India.

 

[JaDed]

Why is it taking more time for Lalit Modi,can anyone explain?

 

[Gabbar Singh]

Why is it taking more time for Lalit Modi,can anyone explain?

It's very difficult to extradite someone from the UK to India.

Although India and Britain signed an extradition treaty in 1992, in the subsequent 26 years they’ve extradited only 1 person (Samirbhai Vinubhai Patel who was involved in the Gujarat riots). And there have been dozens if not hundreds of requests. There are so many holes in the judicial systems of the South Asian countries that it’s easy for lawyers in the UK to put a stop to such requests.

 

[JaDed]

It's very difficult to extradite someone from the UK to India.

Although India and Britain signed an extradition treaty in 1992, in the subsequent 26 years they’ve extradited only 1 person (Samirbhai Vinubhai Patel who was involved in the Gujarat riots). And there have been dozens if not hundreds of requests. There are so many holes in the judicial systems of the South Asian countries that it’s easy for lawyers in the UK to put a stop to such requests.

Thanks , sadly the top lawyers never take.up.such cases ,all these Sibals Chidambarams, Jaitleys are pointless when targeting corruption.

 

[Gabbar Singh]

That was quick.

Bad news for Mallya.

UK approves Vijay Mallya extradition to India

UK Home Secretary Sajid Javid has approved the extradition of Indian business tycoon Vijay Mallya, who faces fraud charges back home.

The move comes two months after a London court ruled that he should be sent back for trial.

Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more than $1bn (£785m).

He now has 14 days to appeal against the decision.

He denies "fleeing" from India and says he made an "unconditional" offer to pay back the sum in full in July last year.

High-profile figure
Mr Mallya built his fortune from Kingfisher beer before branching out into Indian cricket and Formula 1 racing. He set up the now defunct Kingfisher Airlines in 2005.

He faces a raft of charges relating to financial irregularities at Kingfisher Airlines. His monetary affairs are being investigated by India's Central Bureau of Investigation and the Enforcement Directorate, which handles financial crimes.

In 2012, Mr Mallya sold a majority stake in his United Spirits group to UK drinks giant Diageo. The deal was supposed to help Mr Mallya reduce United Spirits' debts and free up funds for Kingfisher Airlines.

But the airline, which was grounded in 2012, lost its flying permit the following year. It made annual losses for five years in a row and finally collapsed after lenders refused to give it fresh loans.

Mr Mallya's total debts, including unpaid wages and operating costs, are estimated to exceed $1bn.

He is a high-profile figure who has in the past been called "India's Richard Branson" and the "King of Good Times" for his lavish lifestyle.

https://www.bbc.com/news/business-47121447

 

[Bubby]

I think these 2-3 days have been good for Modi, first the sting on mulayum and karsevak massacre being shown, second mamta going bonkers and Kolkata police doing a stupidity taking her side means she is been exposed in front of whole India not to forget the whole manhandling of cbi officers, third this Vijay mallya being brought back has shut lot of opposition, overall I'd that he knows when to release an ace when needed.

 

[MP2011]

Vijay Mallaya brought back? Firstly, let him first come back to India and then celebrate!

Also, who allowed him to run away from India in the first place?

 

[MP2011]

As for Mamata episode, if anything it is huge loss of face for Modi personally. Anyways, he is not going win much in WB or Kerala, however hard he, Shah or that Bisht guy try.

 

[cricketjoshila]

As for Mamata episode, if anything it is huge loss of face for Modi personally. Anyways, he is not going win much in WB or Kerala, however hard he, Shah or that Bisht guy try.

Loss of face for Modi? Lol. Even TMC guys in bengal are saying that Mamata has lost face and has exposed herself as a protector of corruption.

Bjp will be the second highest vote getter in Bengal.

 

[MP2011]

Modi's hypocrisy knows no bounds. So Mukul Roy becomes Mr clean when he joins BJP. When he was with TMC, he was the kingpin of Saradha scam.

 

[MP2011]

Loss of face for Modi? Lol. Even TMC guys in bengal are saying that Mamata has lost face and has exposed herself as a protector of corruption.

Bjp will be the second highest vote getter in Bengal.

All this noora kushti by CBI is to augment BJP's possible loss of LS seats from North India. Modi knows it, you know it, all bhakts know it. All these rally bombings in Kerala & WB will get BJP nothing. Modi knows it all too well.

 

[MP2011]

Speaking of Saradha scam, apparently Sarma too used to get INR 20L per month from Sudipta Das, Saradha boss. But since he is with BJP now, he is now a non corrupt person.

Thats what I meant in my earlier comment, more Modi tries to frighten opposition leaders from ED and CBI, more skeletons will tumble out of his own closet. Contrary to his public image, built tirelessly by his spin doctors and ardent bhakts, Modi is one of the most corrupt Indian neta ever.

 

[Abdullah719]

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Indian fans at The Oval to Vijay Mallya, ex owner of Royal Challengers Bangalore "mera paisa wapas de" <a href="https://twitter.com/hashtag/CWC19?src=hash&ref_src=twsrc%5Etfw">#CWC19</a> <a href="https://t.co/7q2bK5t5nm">pic.twitter.com/7q2bK5t5nm</a></p>— Saj Sadiq (@Saj_PakPassion) <a href="https://twitter.com/Saj_PakPassion/status/1138181356754743298?ref_src=twsrc%5Etfw">June 10, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[MP2011]

Have to say Vijay Mallya has a very thick skin. Despite being abused relentlessly wherever he goes, he still appears in public!

 

[MenInG]

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Great to catch up with Big Boss <a href="https://twitter.com/TheVijayMallya?ref_src=twsrc%5Etfw">@TheVijayMallya</a> cheers �� <a href="https://twitter.com/hashtag/RockStar?src=hash&ref_src=twsrc%5Etfw">#RockStar</a> ���� <a href="https://twitter.com/hashtag/F1?src=hash&ref_src=twsrc%5Etfw">#F1</a> <a href="https://t.co/cdi5X9XZ2I">pic.twitter.com/cdi5X9XZ2I</a></p>— Chris Gayle (@henrygayle) <a href="https://twitter.com/henrygayle/status/1150068331325612034?ref_src=twsrc%5Etfw">July 13, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Great to catch up with the Universe Boss and my dear friend. For all those of you losers who call me CHOR, ask your own Banks to take their full money that I am offering for the past one year. Then decide on who is CHOR.</p>— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/1150137101448548353?ref_src=twsrc%5Etfw">July 13, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[MenInG]

Fugitive businessman Vijay Mallya on Monday lost his appeal in the UK High Court against the 2018 order to extradite him to India to face charges of financial irregularities.

Mallya, 64, is wanted in India to face charges of financial offences amounting to Rs 9,000 crore borrowed by his now-defunct Kingfisher Airlines (KFA) from several Indian banks.

The case will now go to home secretary Priti Patel for a final decision on his extradition.

Justices Irwin and Elisabeth Laing handed down their verdict by email.

The flamboyant businessman was ordered to be extradited to India back in December 2018 on a request from the Indian government that has accused him of “knowingly misrepresenting” the profitability of his companies when he sought bank loans in 2009.

Also read | Vijay Mallya phoned lobbyist aide, asked for help to ‘manage his case’: ED

In their 46-page judgement, Justice Irwin and Justice Laing said: “(In) our judgment, the SDJ (senior district judge Emma Arbuthnot) was entitled to find that there was a prima facie case of fraud by false representation…(We) reject the submission that the SDJ was wrong to find a prima facie case of conspiracy to defraud”.

The judges rejected the six grounds on which Mallya’s lawyer, Claire Montgomery, had appealed, and upheld Arbuthnot’s judgement.

The judges said: “It is clear beyond any doubt that the SDJ directed herself properly. It is clear she had the criminal burden and standard in mind when she considered whether there was a prima facie case”.

“The role of an extradition court considering this question is to consider whether a tribunal of fact, properly directed, could reasonably and properly convict on the basis of the evidence. The extradition court is, emphatically, not required itself to be sure of guilt in order to send the case to the Home Secretary”.

“The extradition court must conclude that a tribunal of fact, properly directed and considering all the relevant evidence, could reasonably be sure of guilt. There is no basis upon which it could be said the SDJ misunderstood this, or that she misdirected herself”, they added.

India’s case for his extradition rests on, what had been described in court proceedings by the prosecution as, the “three chapters of dishonesty”: misrepresentations to various banks to acquire loans, the misuse of the loans and his conduct after the banks recalled the loans.

The Crown Prosecution Service, on behalf of the Indian government, argued that there was at least a case that Mallya had to answer back home and a reasonable jury could conclude that the businessman and his company indulged in conspiracy, fraud, and used loans for unintended purposes, including part of the loans going to his motor racing team.

Mark Summers, CPS lawyer, reminded Justice Irwin and Justice Elisabeth Laing of the high court of England and Wales that in extradition cases, British courts are solely required to establish whether the person requested has a prima facie case to answer, not to establish the truth.

To that extent, he argued, the magistrates court had taken into account all relevant evidence and had ruled that Mallya had a prima facie case to answer and that he needed to be extradited to India to face trial.

Mallya’s lawyer Claire Montgomery, on the other hand, has insisted that Mallya’s inability to repay bank loans was due to a genuine business failure and the result of wider challenges facing the aviation industry at the time.

Mallya has, on numerous occasions, alleged that he was prepared to repay the loans. “I have made repeated offers to pay 100% of the amount borrowed by KFA to the Banks… Neither are Banks willing to take money and neither is the ED willing to release their attachments which they did at the behest of the Banks. I wish the FM would listen in this time of crisis,” he tweeted on March 31.

https://www.hindustantimes.com/worl...-high-court/story-Q7eyztfPTsuexFo8OMsMaM.html

 

[Savak]

Sweetest news i have heard all day. This guy and his son Siddharth are the most desipicable **** on earth where they flaunt their wealth openly. Hope this guy goes behind bars and his family on the streets with a tin cup in their hands

 

[MenInG]

The extradition of businessman Vijay Mallya to face charges of major financial offences neared on Thursday after the high court of England and Wales refused him permission to appeal in the UK Supreme Court on the ground that his case does not involve a ‘point of law of general public importance’.

The development marks one of the last stages of Mallya’s long-drawn extradition process that began with his arrest in London in April 2017. The high court decision means that the extradition will need to be carried out within 28 days as set out in the Extradition Act, 2003.

The Crown Prosecution Service (CPS) acting on India’s behalf said Mallya was refused permission on all his three points: to hear oral submissions, to grant a certificate on the questions as drafted by his defence team, and to grant permission to appeal to the Supreme Court.

The decision of judges Stephen Irwin and Elisabeth Laing was based ‘on papers’ presented, not in an open court based on oral hearings, and communicated by email to CPS and Mallya’s defence team.

Officials said that if the pronouncement were being made in an open court it would have been: “The Court having signified its intention to refuse to certify a point of law of general public importance with a view to an appeal to the Supreme Court, the case has been listed for pronouncement, without attendance of the parties, as this has the effect of fixing the start date of the ‘required period’, as defined by section 36 and section 118 of the Extradition Act 2003, within which the extradition must be carried out”.

Mallya has the option of approaching the European Court of Human Rights on the ground that his human rights would be at risk if extradited, but the CPS said “the removal process however can continue until such time as it is stayed by the ECHR”. The UK remains subject to the jurisdiction of ECHR until the end of the Brexit transition period on December 31.

Nick Vamos, former head of extraditions at CPS, said: “Mallya can renew his appeal on human rights grounds if the circumstances change, for example if his health significantly worsened. He can also appeal to the European Court of Human Rights, although there is no guarantee that it will hear his case”.

“Both of these options are long shots and neither of them stops the Indian and UK authorities from now making the practical arrangements to surrender Mallya into Indian custody as soon as possible. I imagine the flight schedule is already being agreed”.

Mallya reiterated on Thursday his offer to repay the loans his company Kingfisher airlines had taken from banks, and close the case. He tweeted: “Congratulations to the Government for a Covid 19 relief package.”

“They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State owned Banks be constantly ignored? Please take my money unconditionally and close”.


Vijay Mallya extradition case timeline:

--- March 2, 2016: Arrives in London from India.

--- February 21, 2017: India’s extradition request certified by Home secretary.


--- April 18, 2017: Arrested and bailed.

--- April 24, 2017: Indian passport revoked.

--- May 2, 2017: Resigns as member of Rajya Sabha.


--- June 13, 2017: Series of case management and extradition hearings in the Westminster Magistrates Court.

--- December 10, 2018: Chief magistrate Emma Arbuthnot clears extradition and sends file to home secretary.

--- February 3, 2019: Home secretary orders extradition to India.

--- April 5, 2019: Judge David of the high court of England and Wales refuses permission on papers to appeal.

--- July 2, 2019: In an oral hearing, Judge Leggatt and Judge Popplewell allow permission to appeal on the ground that the Arbuthnot was wrong to conclude that India had established a prima facie case against Mallya.

--- May 11-13, 2019: Judge Irwin and Judge Laing hear appeal.

--- April 20, 2020: Appeal refused.

--- May 14, 2020: High court refuses permission to approach the Supreme Court.

https://www.hindustantimes.com/worl...preme-court/story-7K9Ii8xSPHI2VL5tFkZwiP.html

 

[gani999]

They are never going to be able to bring him back to India.

Mallya is too smart for the Delhi crowd, not that the latter known for their smartness anyway. He find some way to evade the net.

Remember that he left India on a commercial flight after passing through Indian exit immigration in full view of all and sundry - while having an ED lookout notice against him. If they didn't (couldn't?) stop him then, fat chance they have of netting him now.

Besides, one must consider that a lot of (important) people in India don't want him to come back and spill the beans.

 

[MenInG]

New Delhi: The Supreme Court while on Monday dismissing fugitive businessman Vijay Mallya’s review plea against July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9000 Cr worth of dues to the banks despite repeated directions, has significantly also summoned him, asking him to be present before it on October 5 at 02:00 pm.

This is for beginning the hearing on his sentencing. SC awaits his production after extradition to pronounce sentence. Ministry of Home Affairs has also been asked to “facilitate and ensure” his presence in the apex court.

“Now that the Review Petitions are dismissed, we direct respondent No.3 (Mallya) to appear before this Court on 05.10.2020 at 02:00 p.m. and also direct the Ministry of Home Affairs, Government of India, New Delhi to facilitate and ensure the presence of respondent No 3 before this Court on that day. A copy of this judgement be sent to the Ministry of Home Affairs for facility and compliance,” said the bench headed by Justice UU Lalit.

On July 14, 2017, the court indefinitely deferred the sentencing after holding him guilty in the contempt case filed by a consortium of banks related to the Rs 9000 crore loan default case for not paying the amount despite repeated directions. Mallya was also accused of not disclosing his assets and also secretly trying to dispose of the assets to defeat the recovery proceedings.

SC had said the sentencing could be done only after the government extradites him and produce him before the judges. Mallya is expected to be extradited to India after he lost his plea in the UK Supreme Court to appeal against a 2018 extradition order.

Only some legal formalities remain before he is brought to India. UK High Court had earlier dismissed his appeal against a Westminster Magistrates' Court's extradition order which got a stamp of approval from UK Home Secretary.

After Mallya lost his plea in the SC, Mallya had urged the government to unconditionally accept his offer of bank loan repayment and close the case against him. Remember, the Supreme Court is waiting for his extradition for pronouncing his sentence after convicting him for contempt.

https://www.timesnownews.com/busine...sks-him-to-appear-before-it-on-october/645598

 

[MenInG]

New Delhi: In a big win for Indian banks and a major setback for liquor baron Vijay Mallya, the London High Court on Monday (July 26) declared the fugitive Indian businessman bankrupt. Today's ruling will help the consortium of Indian banks led by the State Bank of India (SBI) to recover debt from loans given to Vijay Mallya’s now-defunct Kingfisher Airlines by seizing his India assets.

Mallya had reportedly tried appealing against the High Court verdict but was refused permission to do the same. Earlier this year in May, a UK Court had upheld an application by a lender consortium led by the SBI to amend their bankruptcy petition in favour of waiving their security over Mallya’s assets in India.

Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs had handed down his judgment in favour of the banks to declare that there is no public policy that prevents a waiver of security rights, as argued by Mallya’s lawyers.

"As at 15.42 [UK time], I adjudicate Dr Mallya bankrupt," Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the High Court in the UK. Note that the Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.

Meanwhile, the 65-year-old businessman remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with Mallya's extradition proceedings.

The absconding businessman's barrister, Philip Marshall, sought a stay as well as an adjournment of the order while legal challenges remain ongoing in the Indian courts. However, the requests were turned down by the judge who concluded that there was "insufficient evidence" that the debt will be paid back to the petitioners in full within a reasonable period of time.

Mallya also put forward an application seeking permission to appeal against the bankruptcy order, which Judge Briggs refused as there was no "real prospect of success" of an appeal.

For the uninitiated, the petitioners were made up of SBI-led consortium of 13 Indian banks, including Bank of Baroda, Corporation Bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd as well as an additional creditor, had been pursuing a bankruptcy order in the UK in relation to a judgment debt which stands at over 1 billion British Pound.

Mallya's legal team contended that the debt remains disputed and that the ongoing proceedings in India inhibited a bankruptcy order being made in the UK.

It is worth noting that the debt in question comprises principal and interest, plus compound interest at a rate of 11.5 per cent per annum from 25 June 2013. Mallya has made applications in India to contest the compound interest charge.

Last month, the ED transferred attached assets worth Rs 8,441.5 crore to the public sector banks who suffered losses due to the frauds committed by Vijay Mallya, Nirav Modi, and Mehul Choksi. An ED statement said that Vijay Mallya, Nirav Modi, and Mehul Choksi have defrauded public sector banks by siphoning off the funds through their companies, which resulted in a total loss of Rs 22,586 crore to the banks.

The ED has transferred shares attached by its worth of Rs 6,600 crore to an SBI-led consortium as per the order of the Prevention of Money Laundering Act Special Court, Mumbai.

 

[Savak]

New Delhi: In a big win for Indian banks and a major setback for liquor baron Vijay Mallya, the London High Court on Monday (July 26) declared the fugitive Indian businessman bankrupt. Today's ruling will help the consortium of Indian banks led by the State Bank of India (SBI) to recover debt from loans given to Vijay Mallya’s now-defunct Kingfisher Airlines by seizing his India assets.

Mallya had reportedly tried appealing against the High Court verdict but was refused permission to do the same. Earlier this year in May, a UK Court had upheld an application by a lender consortium led by the SBI to amend their bankruptcy petition in favour of waiving their security over Mallya’s assets in India.

Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs had handed down his judgment in favour of the banks to declare that there is no public policy that prevents a waiver of security rights, as argued by Mallya’s lawyers.

"As at 15.42 [UK time], I adjudicate Dr Mallya bankrupt," Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the High Court in the UK. Note that the Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.

Meanwhile, the 65-year-old businessman remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with Mallya's extradition proceedings.

The absconding businessman's barrister, Philip Marshall, sought a stay as well as an adjournment of the order while legal challenges remain ongoing in the Indian courts. However, the requests were turned down by the judge who concluded that there was "insufficient evidence" that the debt will be paid back to the petitioners in full within a reasonable period of time.

Mallya also put forward an application seeking permission to appeal against the bankruptcy order, which Judge Briggs refused as there was no "real prospect of success" of an appeal.

For the uninitiated, the petitioners were made up of SBI-led consortium of 13 Indian banks, including Bank of Baroda, Corporation Bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd as well as an additional creditor, had been pursuing a bankruptcy order in the UK in relation to a judgment debt which stands at over 1 billion British Pound.

Mallya's legal team contended that the debt remains disputed and that the ongoing proceedings in India inhibited a bankruptcy order being made in the UK.

It is worth noting that the debt in question comprises principal and interest, plus compound interest at a rate of 11.5 per cent per annum from 25 June 2013. Mallya has made applications in India to contest the compound interest charge.

Last month, the ED transferred attached assets worth Rs 8,441.5 crore to the public sector banks who suffered losses due to the frauds committed by Vijay Mallya, Nirav Modi, and Mehul Choksi. An ED statement said that Vijay Mallya, Nirav Modi, and Mehul Choksi have defrauded public sector banks by siphoning off the funds through their companies, which resulted in a total loss of Rs 22,586 crore to the banks.

The ED has transferred shares attached by its worth of Rs 6,600 crore to an SBI-led consortium as per the order of the Prevention of Money Laundering Act Special Court, Mumbai.

When you owe so many creditors gigantic sums of money and you declare that you are bankrupt, the last thing you should do is to escape the country and still live a rich lavish lifestyle hosting glamorous parties.

 

[MenInG]

London: Fugitive liquor baron Vijay Mallya today lost a legal battle to hold on to his plush London home after a British court refused to grant him a stay of enforcement in a long-running dispute with Swiss bank UBS.

The 18/19 Cornwall Terrace luxury apartment overlooking Regent's Park in London, described in court as an "extraordinarily valuable property worth many tens of millions of pounds", is currently being occupied by Mallya's 95-year-old mother Lalitha.

Delivering his judgment virtually for the Chancery Division of the High Court, Deputy Master Matthew Marsh concluded there are no grounds for him to grant further time for the Mallya family to repay a 20.4-million-pound loan to UBS - the claimant in the case.

"The claimant's position was a reasonable one... further time is not likely to make any material difference," Deputy Master Marsh ruled.

"I will also add from my review of the correspondence, I can see no basis whatever for the suggestion that has been made that the claimant has misled the first defendant (Vijay Mallya)... in conclusion, I dismiss the first defendant's application," he said.

The judge also declined permission to appeal against his order or to grant a temporary stay of enforcement, which means UBS can proceed with the possession process to realise its unpaid dues.

"I will refuse permission to appeal and therefore it follows that I will not be granting a stay," said Marsh.

Mallya's barrister, Daniel Margolin QC, indicated that the 65-year-old businessman plans to pursue an appeal before a High Court Chancery Division Judge as it has "serious consequences" for his clients, including Mallya's elderly mother who currently resides at the address.

Meanwhile, Fenner Moeran QC made it clear that UBS intends to proceed with the enforcement order without delay.

NDTV

 

[gani999]

London: Fugitive liquor baron Vijay Mallya today lost a legal battle to hold on to his plush London home after a British court refused to grant him a stay of enforcement in a long-running dispute with Swiss bank UBS.

The 18/19 Cornwall Terrace luxury apartment overlooking Regent's Park in London, described in court as an "extraordinarily valuable property worth many tens of millions of pounds", is currently being occupied by Mallya's 95-year-old mother Lalitha.

Delivering his judgment virtually for the Chancery Division of the High Court, Deputy Master Matthew Marsh concluded there are no grounds for him to grant further time for the Mallya family to repay a 20.4-million-pound loan to UBS - the claimant in the case.

"The claimant's position was a reasonable one... further time is not likely to make any material difference," Deputy Master Marsh ruled.

"I will also add from my review of the correspondence, I can see no basis whatever for the suggestion that has been made that the claimant has misled the first defendant (Vijay Mallya)... in conclusion, I dismiss the first defendant's application," he said.

The judge also declined permission to appeal against his order or to grant a temporary stay of enforcement, which means UBS can proceed with the possession process to realise its unpaid dues.

"I will refuse permission to appeal and therefore it follows that I will not be granting a stay," said Marsh.

Mallya's barrister, Daniel Margolin QC, indicated that the 65-year-old businessman plans to pursue an appeal before a High Court Chancery Division Judge as it has "serious consequences" for his clients, including Mallya's elderly mother who currently resides at the address.

Meanwhile, Fenner Moeran QC made it clear that UBS intends to proceed with the enforcement order without delay.

NDTV

Oh dear! Looks like VM and his family will end up in a council estate flat eventually.

How he has fallen!

 

[Savak]

Oh dear! Looks like VM and his family will end up in a council estate flat eventually.

How he has fallen!

Good, this guy should be out there holding a tin cup. A lifestyle of greed, extravagance and fraud should catch up to him.

 

[FearlessRoar]

Your thoughts on Vijay Mallya's reply?

https://twitter.com/x/status/1869482202846892045

https://twitter.com/x/status/1869483190467100774

 

[The Bald Eagle]

Another indian caught committing fiscal fraud
====
Indian businessman Mehul Choksi has been arrested in Belgium following India's request for his extradition

Mr Choksi, who left India in 2018, was arrested on Saturday, his lawyer Vijay Aggarwal told the BBC on Monday.

The diamond merchant is wanted by India over allegations of involvement in a case of defrauding one of the country's largest banks of nearly $1.8bn (£1.3bn).

Mr Choksi has not commented publicly on the case, but his lawyer said they would appeal against his detention and also oppose his extradition to India.

"These are the obvious grounds [on which we will argue the case], that he is not a flight risk and secondly, that he is extremely sick. He is undergoing cancer treatment," Mr Agarwal said.

He added that they would "contest the extradition on grounds that there isn't enough evidence against him and the extradition request is politically motivated and the trial in India may not be fair".

The BBC has reached out to India's foreign ministry and financial crimes agency - the Enforcement Directorate (ED) - for comment.

According to a Times of India report, Mr Choksi was arrested on the basis of two non-bailable warrants issued by an Indian court in 2018 and 2021 - although it's not clear why the action came now.

Mr Choksi and his nephew, Nirav Modi, are wanted by Indian authorities in connection with a $1.8bn fraud case at Punjab National Bank (PNB).

Mr Modi, who's also been living abroad since 2018, is lodged in a prison in London and is awaiting extradition to India.

Both were high-profile diamond traders. Mr Modi's jewellery was worn by several Hollywood celebrities such as Naomi Watts and Kate Winslet. One of the biggest Bollywood stars, Priyanka Chopra, was his company's brand ambassador.

Mr Choksi, meanwhile, was the owner of Gitanjali Gems, an Indian jewellery retailer which once had about 4,000 stores across India.

The ED has accused Mr Choksi and Modi of colluding with some employees of PNB's Brady House branch in Mumbai city to get fraudulent advances for payments to overseas suppliers of jewels.

These funds were then allegedly diverted and laundered.

Mr Choksi and Mr Modi have denied the allegations against them.

After leaving India, Mr Choksi reportedly travelled to the US and later to Antigua - where he has citizenship.

In 2021, he was reportedly arrested in Dominica and deported back to Antigua.

Hariprasad SV, a Bengaluru-based entrepreneur who had in 2016 alerted authorities about the alleged scam at PNB, said Mr Choksi's arrest was "great news".

"Apart from bringing him back, the most important thing is to get back all those billions of dollars he looted from India," he told ANI news agency.

Additional reporting by Archana Shukla in Mumbai

Source: BBC