Wednesday 12th, December 2018
canara news

Vijay Mallya likely to be handed over to India on December 10

Published On : 14 Sep 2018


Bengaluru: The Westminster Court at London is expected to deliver its verdict on the petition filed by India seeking deportation of industrialist, Vijay Mallya, who had fled to London after cheating banks to the tune of about Rs 9,000 crore.

During the hearing, the agencies have given detailed information about the way Mallya took the banks in India for a raid before fleeing. At the concluding stage, the judge remarked that prima facie there appears to be sufficient evidence on record against the accused. This remark gave an indication that concern being expressed about the prison conditions in India by Mallya's advocate to stop his extradition might not adversely influence the extradition order.

The investigation agencies therefore are confident of getting a favourable order from the court. The Indian agencies argued that Mallya had raised loans from different banks, without disclosing the fact that his Kingfisher Airlines was running in loss.

Now it has to be seen whether details of proposal Mallya claims he has placed before Karnataka High Court for clearance of dues would be considered favourably, and whether they are acceptable to the banks.

Vijay Mallya likely to be handed over to India on December 10

Published On : 14 Sep 2018


Bengaluru: The Westminster Court at London is expected to deliver its verdict on the petition filed by India seeking deportation of industrialist, Vijay Mallya, who had fled to London after cheating banks to the tune of about Rs 9,000 crore.

During the hearing, the agencies have given detailed information about the way Mallya took the banks in India for a raid before fleeing. At the concluding stage, the judge remarked that prima facie there appears to be sufficient evidence on record against the accused. This remark gave an indication that concern being expressed about the prison conditions in India by Mallya's advocate to stop his extradition might not adversely influence the extradition order.

The investigation agencies therefore are confident of getting a favourable order from the court. The Indian agencies argued that Mallya had raised loans from different banks, without disclosing the fact that his Kingfisher Airlines was running in loss.

Now it has to be seen whether details of proposal Mallya claims he has placed before Karnataka High Court for clearance of dues would be considered favourably, and whether they are acceptable to the banks.


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