Vijay Mallya

BreakingCourt rules Vijay Mallya should be extradicted

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A court in London has just ruled that Indian tycoon Vijay Mallya should be extradited from the UK to India to face fraud charges.

Charges are political, says Vijay Mallya

Vijay Mallya arrives at Westminster Magistrates Court in London
Reuters
Vijay Mallya arrives at Westminster Magistrates Court in London

A court in London is expected to deliver a verdict shortly on whether the Indian tycoon, Vijay Mallya, must return to India to face fraud charges.

Mr Mallya, whose business empire once included Kingfisher beer, left India two and a half years ago after defaulting on debts of more than a billion dollars linked to a failing venture, Kingfisher Airlines.

Asked by the BBC if the charges against were political, Vijay Mallya said that it was “self-evident” and added “clearly this is extremely political, it’s really obvious.”

Mr Mallya was speaking ahead of his hearing.

India's most controversial businessman?

Vijay Mallya
Reuters
Vijay Mallya denies the allegations against him

Controversial tycoon Vijay Mallya is waiting to learn whether he will be extradited to India to face charges of financial crimes.

Once called the "King of Good Times" due to his extravagant lifestyle, the businessman has been embroiled in financial scandals since 2012 and stands accused of fraud and money laundering - allegations he denies.

If he is sent home from the UK and found guilty, it will be a spectacular fall from grace for a man whose lifestyle brands have achieved global recognition and who has even spent time as a politician.

Read more here

Date set for Mallya extradition decision

Vijay Mallya
Reuters

The ruling on whether Indian tycoon Vijay Mallya can be extradited from the UK to India to face fraud charges will be given on 10 December, England's chief magistrate Emma Arbuthnot said on Wednesday.

India wants to extradite the 62-year-old Indian businessman from Britain to face criminal charges relating to loans taken out by his collapsed Kingfisher Airlines. Indian authorities want to recover about $1.4 billion they say Kingfisher owes.

Vijay Mallya extradition hearing postponed

Vijay Mallya
Getty Images

An extradition hearing involving India drinks tycoon Vijay Mallya has been postponed until 12 September after the chief magistrate requested a video to be made of conditions inside the barracks in India where he'd be held while awaiting trial.

Chief Magistrate Emma Arbuthnot said she was unable to sit for the hearing today at Westminster Magistrates.

Indebted tycoon Vijay Mallay who faces charges of fraud and money laundering, remains on bail. He denies any wrongdoing.

Mr Mallya has been fighting extradition over allegations of financial irregularities at his defunct Kingfisher airlines since December last year.

The businessman is said to owe banks more than £750m but he denies wrongdoing.