Indian businessmen caught on the wrong side of the law

Indian businessmen caught on the wrong side of the law

Even after repeated requests by various Indian courts and multiple non-bailable warrants to his name, business tycoon Vijay Mallya was successfully taking refuge in Britain.

According to sources, senior officials of CBI and ED are working in collaboration to gather all the required case details against Mallya "so that the same could be tabled before the United Kingdom legal authorities, strongly".

"Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud", a Metropolitan Police statement said.

"There are a number of grounds on which it is possible to contest extradition, some of which might not be relevant to Mallya's case".

The minister further said Mallya's extradition is part of the "judicial process" in the UK.

The precise grounds, on which Mallya contests his extradition remains to be seen.

As per the procedures, once Mallya gets extradited, he will be presented before the local court seeking CBI custody. "When the case returns to court on May 17, the district judge is likely to set down a timetable for the service of any evidence to be submitted by either side in the proceedings, and list a date for a final hearing". "But yes, the extradition process has begun from our end", he said.

Vijay Mallya, aged sixty-one, left his country in March 2016 to avoid answering the judges' summons. Mallya's lawyers on the other hand would demonstrate that this entire episode is politically motivated. He was also subsequently granted bail after a couple of hours.

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PTI has reported Senior Indian advocate K T S Tulsi as saying that the British courts are very independent and do not grant extradition easily.

The Indian government has since revoked his Indian passport, but he has repeatedly dismissed all charges against him.

NewsGram brings to you latest new stories in India.

In January, an Indian court ordered a consortium of lenders to start the process of recovering the loans.

The liquor baron was arrested at about 9.30 am London local time and was taken to Westminster court.

Despite the two countries having an extradition treaty, some legal experts suspect it might a while before the Formula One team owner stands trial in India, assuming he ever does, according to Quartz India.

As Mallya is fighting the extradition order, he will have the right to appeal and the case can go up to the UK Supreme Court. During that weekend's FIA press conference, he downplayed the situation and reaffirmed his commitment to Force India. "Not a rupee was misused", he had tweeted earlier this year.

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