associate sponsors

Llyod
HDFC

India applies to extradite Kingfisher tycoon Mallya from UK | Reuters

NEW DELHI India said on Thursday it had applied to Britain to extradite Vijay Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines.Mallya moved to Britain last March after banks sued to recover about $1.4 billion the Indian authorities say is owed by Kingfisher. He has dismissed the charges against him, saying on Jan. 28 that "not one rupee was misused".Mallya's press representative was not immediately available for comment on the Indian extradition request.Earlier attempts by India to get Mallya, the head of the Force India Formula One team and one-time billionaire, deported have failed.

The new push comes after Mallya was charged in absentia last month by the Central Bureau of Investigation - along with nine former executives from the failed Kingfisher Airlines and IDBI Bank Ltd - over a 9 billion rupee ($135 million) loan."We have today handed over the request for the extradition of Mr Vijay Vittal Mallya, as received from the CBI, to the UK High Commission in New Delhi," Vikas Swarup, spokesman for the Ministry of External Affairs, told a news conference.

A spokesman for the British High Commission said it did not comment on individual cases.The CBI, in its charge sheet, alleged Mallya diverted 2.54 billion rupees intended for Kingfisher Airlines from India. Kingfisher is also named as a defendant in the case.

($1 = 66.8450 Indian rupees) (Reporting by Douglas Busvine; Editing by Alexander Smith)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 09, 2017 19:02 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See



{if $hideJSforEU != 'yes'} {/if}