20 C
New Delhi
Friday 22 November 2019
India Mallya arrested on India’s request

Mallya arrested on India’s request

-

- Advertisment -

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

New Delhi: Indian businessman and loan defaulter of Indian banks Vijay Mallya was arrested in London on Tuesday by Scotland Yard police on an extradition warrant from India. He was produced before the Westminster Magistrates’ Court where he was given bail. Mallya is also alleged for several other financial irregularities in India.

In response to a query on the arrest of Mallya in London, official spokesperson of the Ministry of External Affairs Gopal Bagle said, “Vijay Mallya’s arrest in London on Tuesday was in connection with the request by the government to UK authorities for his extradition. Legal process in this regard is underway in the UK. The 2 governments are in touch in this context.”

British authorities have informed the Central Bureau of Investigation (CBI) about the arrest. India had given a formal extradition request for Mallya as per the extradition treaty between India and the UK through a note verbale on 8 February this year.

While handing over the request, India had asserted that it had a legitimate case against the liquor baron and maintained that if the extradition request was honoured, it would show British sensitivity towards India’s concerns.

Mallya also owned Kingfishar Airlines and he owes a total of Rs 9,000 crore to 17 banks led by State Bank of India. Mallya had fled to London last year. Earlier, he entered a deal with the USL under which he was given over Rs 500 crore for leaving the company and he was made free from any personal liability and ever since Mallya was living in London.

After this, the Supreme Court asked Mallya to appear before it in March 2016 along with his passport. India formally requested the British government for extradition of Mallya on 8 February.

Mallya had tweeted on 9 March that he was keen on reaching a compromise with the banks; he expressed his willingness to pay a lump sum. He further wrote that there was a provision for such payments, which he was not being allowed to exercise.

Leave a Reply

Opinion

Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

तवलीन सिंह, यह कैसा स्वाभिमान?

‘जिस मोदी सरकार का पांच साल सपोर्ट किया उसी ने मेरे बेटे को देश निकाला दे दिया,’ तवलीन सिंह ने लिखा। क्या आपने किसी क़ीमत के बदले समर्थन किया?

Rafale: One Embarrassment, One Snub For Opposition

Supreme Court accepts Rahul Gandhi's apology for attributing to it his allegation, rejects the review petition challenging the Rafale verdict

Guru Nanak Jayanti: What First Sikh Guru Taught

While Guru Nanak urged people to 'nām japo, kirat karo, vand chhako', he stood for several values while he also fought various social evils

Muhammed Who Inconvenienced Muslims

Archaeologist KK Muhammed had earlier got on the nerves of the leftist intelligentsia for exposing their nexus with Islamic extremists
- Advertisement -

Elsewhere

व्यापम घोटाला मामले में 12 जालसाज़ों, 7 बिचौलियों सहित 31 दोषी

व्यापम घोटाले में MPPEB के ज़रिए कथित तौर पर अयोग्य उम्मीदवारों को राजकीय व्यावसायिक कॉलेजों में प्रवेश दिया गया और सरकारी नौकरियां भी दी गईं

Shah: Congress stalled Ram Mandir, we’ll make a grand one

Devoting a large part of his election speech to the issue of Ram temple in Ayodhya, Amit Shah also tried to woo the tribal population

Naval guns, 13 for Rs 7,100 crore, from US to India

The Mk 45 naval guns are designed for use against surface warships, anti-aircraft and shore bombardment to support amphibious operations

BJD to be rewarded, but what’s cooking with NCP?

Prime Minister Narendra Modi does not praise any section of the opposition by accident; the appreciation of the BJD and NCP indicated a deal

Electoral bonds akin to institutionalising corruption: INC

Objecting to the introduction of electoral bonds by the government, INC MP Manish Tewari based his speech largely on a HuffPost report

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this: