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Wed, Jul 24, 2019 | Last Updated 1:58 am IST

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London court orders against Mallya!

London court orders against Mallya!
London court orders against Mallya!
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London court has ordered extradition of liquor baron and multi millionaire Vijay Mallya to India. At the same time, the court has also granted a time frame of 14 days to appeal against the court verdict. In the case against Businessman Vijay Mallya on him escaping from India and landing in London, after failing to repay the huge loans he had taken from Public sector banks of India, the London court has now pronounced its verdict.

 


With bad loans of more than 9000 crores with Public sector banks of India, Kingfisher and United Breweries fame Vijay Mallya had escaped to Britain way back in 2016. As he did not cooperate to come to India for the case investigation, India had filed a case for extradition of the industrialist to India, and in the Westminster magistrate court, India had filed a case, and the Indian enforcement directorate and CBI had filed 150 page evidence against Mallya.

 London court orders against Mallya!

Following this the court has ordered extradition of Mallya to India, besides offering him 14 days to appeal against the verdict. Mallya had said that for political reasons, the investigation has been conducted in an unfair manner, and said he is willing to repay the loans.


London court orders against Mallya!
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