U.K. court rejects Vijay Mallya’s plea against extradition

Vijay Mallya, VG Siddhartha, Government, Banks, NewsMobile, Mobile, news, India

In a step closer towards bringing fugitive businessman Vijay Mallya, back to India, the UK High Court has rejected his written application to appeal against his extradition.

The application for permission to appeal was rejected by Justice William Davis on April 5.

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Mallya has five days to apply for oral consideration. If a renewal application is made, it will be listed before a High Court judge and dealt with at the hearing.

In February, the U.K.’s Home Office said the British government had signed an order to extradite Mr. Mallya to face charges of fraud and money laundering, following the judgment handed down by Westminster Magistrates Court Chief Magistrate Emma Arbuthnot on  December 9, 2018.

Mallya, who is facing charges of fraud, money laundering and violation of Foreign Exchange Management Act (FEMA), had appealed against the decision of UK Home Secretary Sajid Javid to extradite him to India.

Just a few days ago, reports emerged that Vijay Mallya is broke and is only left with assets worth Rs 2,956 crore, according to the submissions made at the court.

Vijay Mallya had fled the country in 2016 after defaulting on loan payments to the tune of Rs 9,000 crore to a consortium of 31 banks.

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