Vijay Mallya can be extradited to India, London court rules

[reality]

Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled.

The extradition ruling will be passed to the Home Secretary for approval.

Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more than $1bn (£785m).

He denies "fleeing" from India, and says he made an "unconditional" offer to pay back the sum in full in July.

Mr Mallya attended Westminster Magistrates Court for the hearing.

The businessman's fall from grace is being avidly tracked in India, where he was once listed as one of India's wealthiest people.

• Vijay Mallya: India's most controversial businessman?
• India's 'King of Good Times' to learn fate

Mr Mallya built his fortune from Kingfisher beer, before branching out into Indian cricket and Formula 1 racing. He set up the now defunct Kingfisher Airlines in 2005. 

He faces a raft of charges relating to financial irregularities at Kingfisher Airlines. His monetary affairs are being investigated by India's Central Bureau of Investigation and the Enforcement Directorate, which handles financial crimes.

In 2012, he sold a majority stake in his United Spirits group to UK drinks giant Diageo. The deal was supposed to help Mr Mallya reduce United Spirits' debts and free up funds for Kingfisher Airlines.

But the airline, which was grounded in 2012, lost its flying permit the following year. It made annual losses for five years in a row and finally collapsed after lenders refused to give it fresh loans.

Mr Mallya's total debts, including unpaid wages and operating costs, are estimated to exceed $1bn.

He is a high-profile figure who has in the past been called "India's Richard Branson" and the "King of Good Times" for his lavish lifestyle.

Source: BBC News

[argadorn]

vadu radu sir....vastahy bjp ki 40 to 60 seast extra vastahyi 

[timmy]

3 minutes ago, argadorn said:

vadu radu sir....vastahy bjp ki 40 to 60 seast extra vastahyi 

non extradite country ki jump aiypothaadu just like nirav modi 

[reality]

3 minutes ago, timmy said:

non extradite country ki jump aiypothaadu just like nirav modi 

Extradition proceedings vachaka allow chesthara?

 

[Android_Halwa]

23 minutes ago, timmy said:

non extradite country ki jump aiypothaadu just like nirav modi 

Passport ledu...

[mustang302]

Money isthae vadilestham.

[kevinUsa]

asylum veya vachu kada any country lo 

 if he asks for aylum  i think he cannot be extradited 

correct me if I ma wrong

[Android_Halwa]

Aina veedini patukochi peekedi emundi anta...! Paisal istha antundu, mari ademana trick oh telvadu...

eedini patkosthe malli teesukochi jail lanpetti, three times food petti, tarvata bail ichi, maintenance ekuva...

[argadorn]

26 minutes ago, Android_Halwa said:

Aina veedini patukochi peekedi emundi anta...! Paisal istha antundu, mari ademana trick oh telvadu...

eedini patkosthe malli teesukochi jail lanpetti, three times food petti, tarvata bail ichi, maintenance ekuva...

vadu  paisalu estah antaledhu .... king fisher airlines group of peopel own chesaru dantlo vadi part katesthadu anta and vadini endhuku arrest chesthunaru antay surity santhakam pettinandhuku anta ... labbe gadu dabbulu anni tengi poyi eppudu only vadi part kaduthadu anta ...loss ayindhi business so nenu evvanu antunadu ...