UK court rules in favour of extraditing Indian tycoon
Indian businessman must face fraud charges resulting from collapse of his defunct Kingfisher Airlines, judge says
Indian tycoon Vijay Mallya should be extradited from Britain to India to face fraud charges resulting from the collapse of his defunct Kingfisher Airlines, a London court ruled on Monday. India wants to bring criminal action against Mallya, 62, whose business interests have ranged from aviation to liquor, over $1.4bn in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying. Mallya, who co-owned the Formula One motor racing team Force India until it went into administration in July, has denied all wrongdoing and argued the case against him was politically motivated. Judge Emma Arbuthnot, England’s chief magistrate, decided there was a prima facie case against Mallya, who moved to Britain in March 2016, and his human rights would not be infringed if he was extradited. Her ruling will now be passed to the interior minister who must also approve it. An extradition of Mallya would be a huge win for Indian Prime Minister Narendra Modi mont...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.