New Delhi: A UK court, on Monday, has ordered extradition of fugitive businessman Vijay Mallya to India to face trials on the charges of defaulting loans. He has also been granted 14-day period to appeal in a high court against his extradition. In the case of no appeal from his side, he will be extradited within 28 days.
Vijay Mallya is wanted in India for defaulting on a loan of over Rs 9,000 crore from different banks. He has been on bail since his arrest and will remain on same bail conditions, the court ruled.
While announcing the verdict, chief magistrate Emma Arbuthnot of the Westminster magistrates’ court has said, “No evidence which allowed me to find that if extradited, Dr Mallya was at real risk of suffering a flagrant denial of justice. I am sending Dr Mallya’s case to the home secretary for a decision to be taken on whether to order his extradition.”
Emma Arbuthnot has also pointed to the failure of Indian banks in following their own rules. “It is either a case that the various continuing failures were by design and with a motive (possibly financial) which is not clear from the evidence that has been put in front of me, or it is a case of a bank who were in the thrall of this glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy who charmed and cajoled these bankers into losing their common sense and persuading them to put their own rules and regulations to one side,” the court said.
Vijay Mallya, while reacting to the verdict said, “My legal team will review the judgment and follow legal procedures, I don't want to speculate anything.”
The UK court has confirmed that India has assured that due medical facilities and protection will be provided to Mallya in jail.
The Central Bureau of Investigation spokesman Abhishek Dayal has expressed gratification for the verdict of UK court. “We welcome the decision of the court and hope to bring Dr Vijay Mallya back soon. CBI has its inherent strengths. We worked hard on this case. CBI was always strong on facts, and legally we were confident while pursuing the extradition process,” he said.
Mallya can now present his own arguments before the UK home secretary. If his arguments fail, he can still appeal in the UK supreme court. This may take months or even years before he is finally extradited, if he is extradited.