May 2018
7:26 AM IST
News Headlines
Home   | Main News   | International  | National   | Business   | Sports   | Special News   | Feature News   | Entertainment   | About Deepika 
Vijay Mallya briefly held, UK court to decide if he’ll be sent back
( London, Apr 18,2017):The Modi government's effort to bring Vijay Mallya to justice in India for defaulting on bank loans totalling over Rs 9,000 crore got a boost on Tuesday when the UK accepted its request to help extradite the absconding liquor tycoon.

Acting on an extradition request sent by the CBI in connection with the IDBI Bank scam and a service tax case, UK's Scotland Yard arrested Mallya and produced him in a court which, as is the routine in financial crimes, released him on conditional bail on stiff conditions until May 17 when a senior district judge will start the extradition hearing.

The businessman, declared a proclaimed offender in three cases by Indian courts, was arrested at the London police station he had gone to after learning about the extradition warrant issued against him. This sets the stage for what is going to be a long drawn out legal battle between Mallya and Indian agencies, the CBI as well as the Enforcement Directorate, over the Centre's move to bring him home to face the law for not repaying public sector banks thousands of crores he had borrowed for his nowdefunct Kingfisher Airlines.

It is difficult to hazard a guess about the outcome of the battle because British courts have often employed tough standards to allow extradition requests: perhaps the reason why Mallya tried to play down the dramatic development and accused Indian media of of hyping it up. "Usual Indian media hype. Extradition hearing in court started today as expected," a defiant Mallya tweeted after he was released on a bail bond of Rs 5.4 crore.

However, sources in CBI as well as the MEA emphasised the importance of the arrest by saying it marked the beginning of the extradition process which now has to reach a "logical conclusion".

CBI sources in Delhi said the Westminster Magistrates' Court in London forbade the businessman from leaving or attempting to leave the UK.

In fact, Mallya is supposed to remain confined at his property at Hertfordshire close to London, and not apply for international travel documents or be in the possession of any. His Indian passport, revoked after he left for London, will be with Scotland Yard.

Interestingly, the controversial businessman is also required to keep his mobile phone switched on, fully charged and on his person 24 hours a day.

According to Mallya's counsel in Mumbai, Amit Desai, the proceedings may last six months to a year before the UK court decides whether to send the flamboyant businessman back.

However, Mallya's arrest marks an important step for the Modi government's sustained effort to get him extradited. It has pursued the matter with the highest UK authorities. Prime Minister Narendra Modi, it is learnt, raised the issue when his UK counterpart, Theresa May, visited Delhi last November.

Taking up the baton, finance minister Arun Jaitley broached the matter with UK's chancellor of the exchequer Philip Hammond and May when he visited London in February. Sources in the government had said May as well as Hammond were sympathetic to India's position that countries should not shelter economic fugitives.

The Centre kept up the pressure, with Jaitley pursuing the matter with Hammond again earlier this month when the UK minister came visiting.

Mallya's case had taken a political dimension much earlier. The businessman had succeeded in securing loans from public sector banks allegedly because of political interference and at terms unfriendly to the exchequer: one of the grounds for the "crony capitalism" charge against the Congressled dispensation.

However, Congress tried to pin him on the Modi government when Mallya, taking advantage of the absence of an arrest warrant against him, left for London the day banks moved a tribunal for revocation of his passport.

Mallya's case is being pursued by both CBI and ED, which are probing him for cheating banks to secure loans worth Rs 9,000 and defaulting. Separately, the ED is probing him for alleged money laundering, specifically for diversion of the loans he took for Kingfisher Airlines which has gone kaput.

The CBI filed a chargesheet on January 24 against Mallya for loan fraud worth Rs 900 crore with IDBI Bank and he was declared a proclaimed offender. The agency was probing him since 2014, first as part of a preliminary enquiry and later registering a case against him in July 2015.

The agency filed another case against Mallya in August 2016 on a complaint by State Bank of India to probe the "larger conspiracy" to cheat a consortium of 17 banks. It was alleged that Mallya took a loan of Rs 6,027 crore from these banks between 2005 and 2010 but "deliberately didn't pay while conspiring with group companies and promoters". The loan amount along with interest stands at over Rs 9,000 crore.

An extradition treaty was signed between India and the UK in 1993 but the latter has not handed over a single fugitive wanted by authorities here.

In fact, during UK PM May's visit to New Delhi last year, the government handed over a list of 57 suspects to be extradited. Some of the top names wanted by India include former IPL commissioner Lalit Modi, music director Nadeem Saifi, VVIP chopper scam middleman Christian Michel, 1993 blast accused Tiger Hanif and UK citizen Raymond Varley.

UK courts have to be convinced that Indian agencies have undeniable evidence, a trial has already started in India and there is no political motive or vested interest behind a person's extradition.

The CBI faced this problem while seeking the extradition of Ravi Shankaran, a naval war room leak case accused, when a UK court said the agency didn't have credible and admissible evidence against him.

Manning leaves U.S. prison seven years after giving secrets to WikiLeaks
Gunmen attack state TV in eastern Afghanistan, 10 killed
Putin 'ready to provide recording' of Lavrov-Trump exchange
Ransomware: Is North Korea behind the global cyber-attack?
Trump shared 'highly classified' info with Russians: Report
EU, US to discuss possible airline laptop ban Wednesday
France's Macron appoints centre-right PM to widen appeal
Putin says intimidation of North Korea must end
North Korean missile 'no danger' to Russia: Defence ministry
China pledges $124 for Silk Road, terms it 'project of the century'
Emmanuel Macron sworn in as French President
Cyber attack in 99 countries: Hackers use US method to hold world to ransom
At least 23 killed in Turkey bus crash
Nepal, China sign framework agreement on One Belt, One Road
Bomb attack kills at least 25 in Pakistan's Balochistan
Narendra Modi invokes MGR, Muttiah Muralitharan in address to Tamil community in Sri Lanka
China begins Mt Everest clean up, collect 4 tons of garbage
Eight people were killed when an earthquake with a magnitude of 5.5 struck in China's northwest
Newly elected South Korean President Moon open to visit North Korea
President Trump fires FBI boss Comey, courts controversy
Concert in India: Justin Bieber excited !
 International Pop sensation Justin Bieber is thrilled to perform in India and it seems he cannot wait for his concert to begin in the country.  
Harry Potter and the Cursed Child to open on Broadway in 2018
Vinod Khanna's son remembers dad, posts nostalgic pic
Baahubali 2 takes India by storm
AIIMS MBBS Admit Card 2017 released
 Candidates who have applied for AIIMS MBBS 2017 can now download their admit cards from the official website at aiimsexams.org or mbbs.aiimsexams.org.
Applied for NEET? Here’s what you should take to the exam center
Suranga Model Water Harvesting
Rajendra Singh - The Waterman of India
Cool-headed duck becomes latest Internet sensation !
 Tigers are fierce animals. But, a tiger of Australia's Symbio Wildlife Park had to give up all his efforts to get hold of a duck.
Kalolsavam 2017: Manju steals the limelight
A sparkling gem of an artist
7 steps to beat childhood obesity
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.